South Korea & Hungary

South Korea: South Korea delivered its fastest growth in nearly six years due to a jump in chip exports, benefiting from the global surge in AI investment, making it an outlier to the general economic downturn.

Hungary: Hungary experienced a significant political shift with the ousting of long-serving Prime Minister Viktor Orbán, leading to expectations of rebuilt relationships with the European Union and NATO under Péter Magyar.

South Korea: South Korea, which imports a significant portion of its crude through the Strait of Hormuz, has capped prices of petroleum products due to fears of an energy crisis.

Hungary: Hungary is undergoing a political transition with a new prime minister, Péter Magyar, taking office after a landslide victory.

South Korea: South Korea's Kospi index soared to a record high, driven by expectations of strong growth in artificial intelligence, benefiting its major chipmakers.

Hungary: Hungary has been involved in a feud with Ukraine and Slovakia over Russian oil deliveries, as it depends on Russia for its energy needs.