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Bank of Korea Hikes Rates, China Tops the US in Global Favourability and Asian Chip Stocks Tumble
Description
Headline news for July 65, 2026: The Bank of Korea raises rates for the first time in three and a half years as inflation hits a two-and-a-half-year high driven by Middle East energy costs. A Pew Research survey finds China now viewed more favourably than the US in most countries surveyed including key U.S. allies. Asian chip stocks tumble.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Claressa Monteiro (claremb@sph.com.sg)
Produced and edited by: Claressa Monteiro or Nicole Teo
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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