The KOSPI plunged nearly 9% on June 8, 2026, prompting circuit breakers that halted trading for 20 minutes. The selloff was sparked by strong U.S. jobs data, rising bond yields, and a correction in AI‑related semiconductor stocks, with Samsung and SK Hynix each falling over 10%.
From 6 April 2025 the UK will replace its domicile‑based inheritance tax with a residence‑based test. NRIs who have lived in the UK for 10 of the past 20 years become “Long‑Term Residents”, subjecting worldwide estates to the 40% IHT and a lingering “tail” period after departure. The change forces careful exit planning for Indian‑origin families.
CEA V Anantha Nageswaran warned India has a very short window to attract firms diversifying from China as Beijing's policies impede supply‑chain shift. He urged proactive policy and reforms to capitalize on the geopolitical realignment.
RBI announced a package expanding G-sec access for foreign investors, fully hedged FCNR(B) deposits, and concessional forex swaps for PSUs, which analysts estimate could attract $40‑75 billion of foreign inflows and push the rupee to 92‑93 per dollar. The MPC is expected to keep the repo rate unchanged at 5.25% in August.
HDFC Bank’s board will delay deciding on CEO Sashidhar Jagdishan’s third‑term reappointment until a legal review of board‑meeting minutes, triggered by concerns raised by former chairman Atanu Chakraborty, is completed, likely by June. The postponement adds uncertainty with only four months left in Jagdishan’s current term.
OPEC+ ministers agreed to lift production quotas by 188,000 barrels per day for July, the fourth monthly increase since the Strait of Hormuz closure. Analysts view the hike as a policy signal with minimal immediate impact on supply, aimed at market stability amid ongoing Middle East conflict and high prices.
You’re caught up.
That was all 6 stories in the 8 June issue.