Global Market Landscape Shifts in H1 2026 Amid Iran War and AI Volatility

글로벌 시장 | Thu Jul 02 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 5 sources

Global capital markets were reshaped in the first half of 2026 by an oil price shock, currency instability, and a strong rally in emerging market tech stocks.

Analysis

[Emerging Markets and Asian Equities] significantly outperformed U.S. equities in H1 ^[5]

MSCI Emerging Markets Tech Index rose over 90%
Korea's KOSPI surged 101.1% and Japan's Nikkei 225 jumped 39%
MSCI Emerging Markets Index gained 24%
S&P 500 rose 9.55%
Nasdaq Composite 12.79%
Dow 8.85%

[Global Semiconductor Stocks] posted explosive gains in H1 driven by AI tailwinds ^[5]

SK Hynix surged approximately 300%
TSMC rose 55.5%
ASML gained 86.8% and ASMI 93.3%
BE Semiconductor shares more than doubled

[New Zealand Housing Market] approached a three-year low following the Iran war-driven oil shock ^[1]

Home prices declined for three consecutive months through June
Global oil shock hit household incomes
Signs of weaker consumer confidence and slowing economy

[Japanese Yen] faced emerging scenario of weakening to 200 per dollar ^[2]

Recognized by some investors as a medium-term risk
Extreme but not-impossible-to-rule-out scenario
Traders developing worst-case plans in preparation for currency crisis

[Australian Kangaroo Bond Market] saw record $36 billion in issuance driven by global treasurer demand ^[3]

Growing interest from funding heads worldwide
Massive Asian capital inflows kept funding costs contained
Intensifying competition to secure deals

[Major Korean Banks] expanded trading floors ahead of 24-hour KRW trading ^[4]

24-hour KRW trading set to begin next week
Expanding London and Seoul trading desks
Securing coverage across global time zones

Global Market Landscape Shifts in H1 2026 Amid Iran War and AI Volatility

Analysis

Sources