Samsung's blockbuster earnings should have reassured investors. Instead, they triggered a 9% selloff that dragged the Kospi sharply lower and reignited concerns that expectations across the AI semiconductor space have become impossible to satisfy. A 19-fold jump in quarterly profit and an earnings beat were simply not enough once the market's whisper numbers had moved even higher.
At the same time, oil markets are facing two opposing forces. Fresh attacks in the Strait of Hormuz are reviving geopolitical risk, while Saudi Arabia's deep price cuts for Asian buyers and abundant crude supply continue to weigh on prices. Which story wins will determine whether oil can sustainably recover or whether rallies continue to attract sellers.
The session also brings a stronger US dollar, softer gold, renewed pressure on technology shares and growing attention to Japan, where rising yields and extreme speculative yen positioning keep the risk of another carry trade unwind firmly on investors' radar.
Watch the full episode to find out more!
Intro1:01 Market update
1:34 Samsung couldn’t impress!
4:44 Oil faces two opposite forces
6:57 FX, gold update
