Market News Today — AI-Curated Stock & Crypto Headlines

A bond selloff drove US yields to 2008 highs amid rising oil prices from attacks on supertankers in the Strait of Hormuz, fueling inflation concerns and expectations of higher central bank rates.

Jollibee Foods Corp announced it will spin off and list its international unit on the Hong Kong stock exchange instead of the US, citing existing brand presence and recognition in Hong Kong.

Global bond yields reached multi-decade highs amid rising Middle East tensions, particularly U.S.-Iran hostilities, which intensified energy and inflation concerns.

South Korea announced a record 2027 budget of 821 trillion won (US$600 billion), a 12.8% increase from 2026, aimed at bolstering technological competitiveness in the AI sector.

The article reports that climate change and development-related disasters will cost the global economy $450 billion annually, with over half of these losses remaining uninsured as insurers reduce exposure.

A cargo vessel was struck by an unknown projectile in the Strait of Hormuz, immediately pushing Brent Crude oil prices above $91 per barrel.

Wheat prices are extending their rally, driven by escalating geopolitical tensions and worsening weather conditions in key producing regions, which are collectively stoking fears over global supply shortages.

Indonesia's finance ministry expects S&P Global Ratings' affirmation of its sovereign credit profile to stabilize the domestic bond market, which experienced a selloff in June.

US forces conducted a new wave of strikes against Iran, causing global oil benchmarks Brent and West Texas Intermediate (WTI) to jump.

The U.S.

South Korean chipmaker SK hynix surged 13 percent on its Wall Street debut, reflecting strong investor demand for AI-related assets despite recent broader tech stock declines.

The United Arab Emirates significantly boosted its crude oil production to an all-time high in June, as reported by the IEA.