
July 16th, 2026
Asian shares mostly fell on Thursday.
South Korea's Kospi dropped 6.6%.
The Bank of Korea raised interest rates.
It was the first time since 2023.
The bank wants to stop high prices from the Iran war.
Memory chipmaker SK Hynix fell 11.2%.
Samsung Electronics dropped 8.2%.
Tokyo's Nikkei 225 fell 2.9%.
Japanese chipmaker Kioxia plunged 13.5%.
Tokyo Electron lost 5.2%.
Hong Kong's Hang Seng gained 1.7%.
Alibaba shares helped.
They rose 4.4%.
China approved Apple Intelligence for use.
The Shanghai Composite fell 0.9%.
Oil prices slipped.
But they stayed high.
Brent crude dropped 0.4% to $84.55 a barrel.
It was about $72 in late February.
ING strategists said oil gained for a third day.
They said there are no signs of U.S.-Iran de-escalation.
They noted rising tensions affect vessel flows from the Persian Gulf.
U.S. futures edged higher.
On Wednesday, the S&P 500 rose 0.4%.
BlackRock shares gained 6.6%.
The company had strong quarterly results.
The dollar fell to 162.09 yen.
July 16th, 2026

US jobs up a little to 7.3 million. Jobs are still strong, but costs are higher.
US jobs up a little to 7.3 million. Jobs are still strong, but costs are higher.

Stocks fall on Wall Street as oil prices go up and bonds sell.
Stocks fall on Wall Street as oil prices go up and bonds sell.

Social media companies try to know which users are kids.
Social media companies try to know which users are kids.

California lawmakers will vote on a bill to help fire victims after stopping parts of Newsom's plan.
California lawmakers will vote on a bill to help fire victims after stopping parts of Newsom's plan.

Tech stocks lead Wall Street after AI makes big growth for Nvidia, Salesforce and others.
Tech stocks lead Wall Street after AI makes big growth for Nvidia, Salesforce and others.

New Fed chief Kevin Warsh must say his views on prices and loan costs.
New Fed chief Kevin Warsh must say his views on prices and loan costs.

Iran works hard to keep trade as US says it will punish countries that do not stop trading with Iran.
Iran works hard to keep trade as US says it will punish countries that do not stop trading with Iran.

Canada is making its defense business bigger as US ties get worse. Local companies are doing well.
Canada is making its defense business bigger as US ties get worse. Local companies are doing well.

Bessent tries to calm the bond market, but it is not working.
Bessent tries to calm the bond market, but it is not working.

Tesla recalls nearly 3 million cars in China. The door handles are not safe.
Tesla recalls nearly 3 million cars in China. The door handles are not safe.