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BlockBeats News, June 19th, as the global AI industry continues to thrive, the South Korean tech track continues to attract global cross-border capital inflow with its unique characteristics. Against this background, fund companies are on one hand continuously launching various South Korea-themed ETFs, while on the other hand, active equity QDIIs are gradually increasing their South Korea holdings. Industry insiders believe that current South Korean stock valuations are lower than those of US stocks. Coupled with the long-term dividends of the global AI industry, there is still room for valuation recovery in the market. However, in response to the recent speculative trading of South Korea-themed ETF products, some fund companies have also begun to warn investors of the associated risks.

As oil prices soar, reigniting inflation concerns, traders have increased their bets on a Federal Reserve rate hike, with the market now fully pricing in a 25 basis point increase in September. Swap contracts tied to policy meeting dates show a rate hike expectation of 25 basis points, up from 23 basis points on Thursday and 8 basis points earlier this week. This trend has emerged during thin trading, as the US market was closed for a public holiday. Investors are pricing in further tightening of Federal Reserve policy. New chairman Kevin Walsh stated at his first meeting this week that the central bank will not tolerate high inflation, a stance that pushed yields higher on Wednesday. With the market still doubtful about the latest peace agreement signed between the United States and Iran, oil prices have rebounded about 4% from Thursday’s three-month low. Matthew Ryan, head of market strategy at Ebury, said: "We’ve now reached a point where even the slightest catalyst could tip the scales in favor of a rate hike." Referring to remarks made in this week's Federal Reserve decision, he added: "The fact that the Fed’s inflation target hasn’t been met for five consecutive years was mentioned several times, all reinforcing the case that higher rates might not be so far off."

According to tanker tracking data compiled by Bloomberg, the oil tanker named "Desh Vibhor" has turned around and headed back in the past few hours, after it appeared to be heading towards the southern route recommended by the US military. Tracking data shows that "Desh Vibhor" seems to have turned back when it began to depart from the Persian Gulf. The vessel is operated by Shipping Corp. of India. Read more