US-Iran Conflict Reignites, Sending Oil Prices Surging and Dollar Higher, Rattling Global Markets

글로벌 시장 | Thu Jul 09 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 6 sources

Escalating Middle East tensions drove oil prices higher and strengthened the dollar, weakening emerging market currencies and intensifying concentration in Korean semiconductor stocks.

Analysis

[US Dollar] attracted strongest bullish bets in a decade ^[1]

Investor long positions on the dollar reached their highest level in 10 years
Renewed inflation concerns from Middle East tensions
Expectations of prolonged Fed tightening

[US-Iran] declared ceasefire ended and launched fresh strikes ^[4]^[5]^[6]

President Trump announced the end of the ceasefire with Iran
US military carried out additional strikes on Iran
Threatened to reimpose oil export ban

[Asian Equities] rebounded after three days on semiconductor rally ^[2]

Chipmakers led the gains
Brent crude continued its additional rise
Fallout from two consecutive days of US strikes on Iran

[Emerging Market Currencies] weakened broadly on renewed US strikes against Iran ^[4]

Most EM currencies declined
Oil prices rose again on oil embargo threats
Risk aversion amid concerns over prolonged conflict

[Samsung, SK Hynix, and Leveraged ETFs] accounted for 70% of Korean stock market trading volume ^[3]

Deepening concentration in Korea's $4.3 trillion market
Retail investor frenzy over leveraged ETFs
Trading concentrated in the two semiconductor stocks and their tracking ETFs

[Samsung Electronics] plunged 8% despite strong earnings ^[6]

Quarterly net income surpassing Nvidia and Apple
Guidance projecting 1
800% surge in operating profit
Memory stocks including Sandisk and Micron fell in tandem
with SOXX ETF down 5%

US-Iran Conflict Reignites, Sending Oil Prices Surging and Dollar Higher, Rattling Global Markets

Analysis

Sources