Search results for OPEC
Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.
Crypto
Bitcoin holds above $81,000 but Middle East risk rattles crypto market
Bitcoin is holding above $81,000, but the broader crypto market is being driven more by Middle East geopolitical risk than by fundamentals. Investor caution rose after Iran rejected a peace plan under the Trump administration and Brent crude briefly topped $104 a barrel. Bitcoin climbed above $82,000 intraday and kept a monthly gain of more than 11 percent, but uncertainty around the Strait of Hormuz weighed on sentiment.
Crypto
Bitcoin hovers around $81,000 as Trump Iran comments, U.S. CPI keep markets on edge
Bitcoin is moving around $81,000 as markets brace for U.S. inflation and activity data this week and remarks by U.S. President Donald Trump on Iran. Attention is on CPI, PPI and retail sales, alongside other scheduled reports. Traders also flag short-term overheating risks. Technical focus is on a break above the 200-day EMA near $82,036, with $83,399 a next upside target and $78,915 a key support.
