Dow Jones enters correction territory as Hormuz fears fuel selloff

Dow Jones enters correction territory as Hormuz fears fuel selloff

The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The S&P 500 lost around 1%, bringing its decline from its record high to over 8%, while the Nasdaq Composite dropped 1.3% after entering correction territory a day earlier. Friday’s slide […]

Trade resilience and energy-driven CPI – DBS

Trade resilience and energy-driven CPI – DBS

DBS Group Research sees South Korea’s March exports remaining in double-digit growth, supported by strong AI and data centre demand, higher memory prices and supply shortages, leading to a wider trade surplus despite rising import costs. CPI is projected around 2.3% year-on-year, above target, prompting government measures including fuel caps, reserve releases, energy-saving campaigns and […]