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Oil up as US-Iran ceasefire ends, South Korean Kospi enters bear market

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Market news for July 8, 2026: US President Trump declared an end to the ceasefire with Iran, following an exchange of strikes between the two countries. South Korea’s Kospi plunged 5.35 per cent, entering bear market territory. US treasury yields and dollar strength both rose amid the heightened geopolitical risk.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Nicole Teo (nicolet@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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