Quartz·1 min read·medium
Iran closed the Strait over the weekend. South Korea's market fell 9%. SK Hynix lost its IPO gains in one day. Wall Street braces for bank earnings and CPI
✦AI Summary
South Korea's stock market experienced a significant 9% decline following geopolitical tensions involving the Strait of Hormuz. Simultaneously, SK Hynix saw its recent IPO gains erased as investors prepare for upcoming US bank earnings and inflation data.
SK Hynix stock lost its entire Nasdaq debut gain in Seoul; Wall Street braces for bank earnings and CPI data on Tuesday
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