Market news for July 8, 2026: US President Trump declared an end to the ceasefire with Iran, following an exchange of strikes between the two countries. South Korea’s Kospi plunged 5.35 per cent, entering bear market territory. US treasury yields and dollar strength both rose amid the heightened geopolitical risk.

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Oil up as US-Iran ceasefire ends, South Korean Kospi enters bear market

BT Market Focus

Oil up as US-Iran ceasefire ends, South Korean Kospi enters bear market