Global Economic, Market, and AML Briefing — 2026-06-13
Global markets are bouncing back on optimism over US-Iran peace talks, with sentiment also buoyed by signs of cooling US inflation. Meanwhile, Korea’s KOSPI remains volatile, and AML regulations are expanding to cover crypto assets and stablecoins.
Global Economic, Market, and AML Briefing — 2026-06-13
Market Overview
New York Markets Rally: US indices closed higher on June 12 (local time). Hopes for a diplomatic breakthrough to end the conflict between Iran and the US helped boost market sentiment alongside falling oil prices. Strong performance from SpaceX also provided a lift.
US Inflation Data: The May Consumer Price Index (CPI) report met market expectations, providing some relief. However, there is growing speculation that the core PCE (Personal Consumption Expenditures) inflation rate could rise compared to the previous month, which is impacting rate hike expectations.
70% of Economists Expect Rate Freeze: Roughly 70% of US economists predict that the Federal Reserve (Fed) will hold interest rates steady for the remainder of the year.
ECB Rate Hike: The European Central Bank (ECB) raised its deposit rate by 0.25 percentage points to 2.25% at its policy meeting on June 11, 2026. This marks the first rate hike since September 2023, making it the first G7 central bank to tighten policy.
Domestic Economic News
KOSPI Volatility Continues: Following yesterday's sharp fluctuations, the Korean market is testing whether it can stabilize, supported by cooling US inflation and expectations of a recovery in the semiconductor sector. Shinhan Securities noted that the recent KOSPI drop was a technical adjustment unrelated to fundamentals.
Shortage of KOSDAQ Reports: According to FnGuide on the 12th, only 730 KOSDAQ-listed companies received at least one analyst report over the past year (June 10, 2025–June 10, 2026). Six out of ten companies had zero coverage.
Securities Firms’ Q1 Net Profit Exceeds 4.3 Trillion Won: Thanks to a surge in KOSPI trading volume, securities firms saw a significant jump in Q1 profits. The Financial Supervisory Service reported that net profits for the sector rose by 77% compared to the previous year.
Global Economic & Market Trends
Dollar Remains Strong Despite ECB Hike: Even with the ECB’s rate increase, the US dollar continues to show strength while the British pound faces weakness.
Middle East Tensions: Tensions are escalating as the US continues air strikes on Iran for the second consecutive day. The domestic market remains volatile due to these geopolitical risks.
Oil Price Spikes and Inflation Concerns: The high oil price environment, stemming from the prolonged closure of the Strait of Hormuz, is keeping upward pressure on US inflation, influencing the Fed’s policy decisions.
Stock Market Movements
Foosung Surges 63%, LG Electronics Plummets: While semiconductors and nuclear stocks rebounded, the KOSPI index remained lukewarm; Foosung jumped 63%, while LG Electronics fell sharply.
KOSPI Buy Sidecar Triggered: The KOSPI spiked nearly 7% in early trading to reclaim the 8300 level. With the futures market also soaring, a "buy sidecar" was triggered on the KOSPI market.
Negative Account Balances Surge: Amid the market sell-off, retail investors increased their use of "negative accounts" (overdraft facilities) by over 600 billion won, likely to "buy the dip."
AML & Financial Regulations
DSRV Implements AML Monitoring System: Blockchain infrastructure firm DSRV announced on the 12th that it has completed the implementation of an Anti-Money Laundering (AML) monitoring system. This system fulfills the firm’s AML obligations as a Virtual Asset Service Provider (VASP) under the Act on Reporting and Using Specified Financial Transaction Information.
Upgrading AML for Stablecoins: As banks prepare to launch stablecoins later this year, they are reviewing updates to their AML frameworks, which currently focus primarily on customer identity and account-based transactions.
International AML Trends: The Financial Action Task Force (FATF) is holding its final plenary meeting under the Mexican presidency in Paris this June. AML regulations for crypto assets and stablecoins are being strengthened as international standards.
Key Notes
Fed Rate Decisions: While 70% of economists expect a hold for the year, decisions could shift based on inflation trends. Keep an eye on the next FOMC meeting schedule and upcoming economic data.
Middle East Situation: The progress of US-Iran peace negotiations has a direct impact on oil prices and global markets; monitoring the outcome is essential.
FATF Follow-up: Following the FATF's 4th round of mutual evaluations, which highlighted deficiencies in the non-financial sector, Korea is restructuring its AML framework to include specific non-financial businesses like lawyers and accountants.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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