KOREA EXCHANGE ACTIVATES SIDECAR ON KOSDAQ FOLLOWING KOSDAQ 150 FUTURES SURGE OF 6%; PROGRAMME TRADING SUSPENDED FOR 5 MINUTES
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KUWAITI ARMY: AIR DEFENCES CURRENTLY CONFRONTING IRANIAN HOSTILE DRONE ATTACKS
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U.S. equity futures traded higher, with S&P 500 futures up 0.1% and Nasdaq futures rising 0.3%.
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Kuwait's armed forces said their air defenses are responding to an ongoing attack involving Iranian "hostile" drones.
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RIO TINTO SAID SECOND-QUARTER COPPER OUTPUT FELL 7% FROM THE PREVIOUS QUARTER DUE TO AN UNPLANNED SMELTER OUTAGE AT ITS KENNECOTT OPERATION IN UTAH, WITH THE IMPACT EXPECTED TO LAST ABOUT SIX MONTHS.
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RIO TINTO MAINTAINED ITS FULL-YEAR COPPER PRODUCTION GUIDANCE AND SAID THE MIDDLE EAST CONFLICT HAS NOT MATERIALLY DISRUPTED OPERATIONS, THOUGH HIGHER DIESEL PRICES HAVE INCREASED PILBARA IRON ORE COSTS.
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ASIAN MARKETS ADVANCED AFTER WEAKER-THAN-EXPECTED U.S. INFLATION DATA BOOSTED GLOBAL RISK SENTIMENT AND REDUCED EXPECTATIONS OF AN IMMINENT FEDERAL RESERVE RATE HIKE. SOUTH KOREA’S KOSPI SURGED 6%, LED BY A STRONG REBOUND IN TECHNOLOGY STOCKS, WHILE JAPAN AND AUSTRALIA ALSO POSTED GAINS. WALL STREET’S RALLY OVERNIGHT, SUPPORTED BY STRONG BANK EARNINGS AND CHIPMAKERS, FURTHER LIFTED INVESTOR CONFIDENCE.
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THE TRUMP ADMINISTRATION HAS ORDERED ICE TO SUSPEND MOST VEHICLE STOPS FOLLOWING TWO FATAL SHOOTINGS INVOLVING IMMIGRATION OFFICERS, WHILE ALLOWING EXCEPTIONS FOR CRIMINAL WARRANTS AND JOINT OPERATIONS.

THE POLICY CHANGE FOLLOWS GROWING SCRUTINY OF ICE ENFORCEMENT TACTICS AFTER RECENT DEADLY INCIDENTS IN MAINE AND HOUSTON, WITH FEDERAL AND STATE AUTHORITIES INVESTIGATING THE SHOOTINGS.
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China targets strategic sectors in Netherlands, report warns, citing ASML - NA
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eBay appears to be experiencing technical issues, with users reporting problems on Downdetector.
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Asia-Pacific equities advanced, taking cues from Wall Street's positive close as weaker-than-expected inflation data eased Fed tightening bets. Investor sentiment was further lifted after President Trump scrapped plans for a 20% Hormuz fee
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JGBs Mixed; May Track Gains in U.S. Treasurys - wsj
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Gold Flat Amid Rising Oil Prices - wsj
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Rio Tinto Iron Ore Shipments Rise; Copper Cost Guidance Lowered - wsj
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China CITIC Bank International aims to issue a U.S. dollar perpetual bond with an indicative yield of about 5.45%, according to a term sheet.
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China has introduced a strategy to develop and explore commercial opportunities for uninhabited islands - SCMP
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Malaysia’s new warship can hunt submarines but cannot sink a foe - SCMP
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China CITIC Bank International is marketing an offshore yuan-denominated perpetual bond at around 2.90%, a separate term sheet showed -RTRS
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Trump’s return to war with Iran offers no clear path to victory - FT
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Circle clashed with Tether-backed fund over market manipulation concerns - FT
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Euro gathers strength above 1.1400 after soft US inflation data - FT
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