Good afternoon and welcome to Markets Desk.
In Asia, Taiwan's Taiex and South Korea's Kospi are posting record-breaking rallies, but the gains are raising serious structural questions. Both markets are increasingly concentrated in a handful of AI-linked semiconductor names, and analysts warn that what looks like broad momentum may be dangerously narrow underneath.
Shifting to Washington, the trade policy landscape just got considerably more complicated for the White House. A Supreme Court ruling has dealt a significant blow to presidential tariff authority, and the political path to recovery looks steep. Congressional appetite for handing back broad trade powers is limited, and voter frustration with the economic consequences of tariff policy is running high, leaving the administration with far less leverage than it once wielded.
And in commodities, silver is making a sharp move, approaching ninety dollars an ounce for the first time in roughly two months. The metal's surge is the largest single-day jump in months, and some analysts believe the conditions are in place for silver to challenge its record highs before year end, driven by industrial demand tied to energy transition and continued safe-haven buying alongside gold.
That's the tape. Markets Desk, signing off the floor.
