jump

Brent crude rises amid clashes in critical waterway.

Oil prices have jumped after clashes between United States and Iran in the Strait of Hormuz pushed their tenuous ceasefire to the brink.

Futures for Brent crude rose as much as 7.5 percent during a volatile trading session on Thursday, before easing as Asia’s markets opened on Friday morning.

The international benchmark stood at $101.12 per barrel as of 03:00 GMT, down from the day’s high of $103.70.

The latest rise came after the US and Iran exchanged fire in the critical strait, a conduit for about one-fifth of global oil and natural gas supplies, despite the truce announced between the sides on April 7.

US Central Command (CENTCOM) said it launched strikes on Iran after three US Navy guided-missile destroyers came under attack from Iranian missiles, drones and small boats in the strait.

Iran’s Khatam al-Anbiya Central Headquarters earlier accused the US of violating the ceasefire by attacking an Iranian oil tanker and another vessel in the vicinity of the waterway.

The Iranian military headquarters also accused the US of targeting civilian areas, including Qeshm Island.

US President Donald Trump on Thursday appeared to downplay the clashes, saying the ceasefire remained in effect, while Iran’s state-run Press TV said the situation had gone “back to normal”.

Shipping in the strait has been at a near standstill since late February amid the threat of Iranian attacks on the massive oil tankers that usually transport much of the world’s energy supplies.

Brent prices are up about 40 percent compared with before the war amid an estimated shortfall in daily production of 14.5 million barrels.

Asian stock markets opened lower on Friday amid the heightened tensions, with Japan’s benchmark Nikkei 225, South Korea’s KOSPI and Hong Kong’s Hang Seng Index each falling more than 1 percent.

On Wall Street, the benchmark S&P 500 fell about 0.4 percent overnight after hitting an all-time high the previous day.

May 1 (Asia Today) — South Korea’s exports rose 48% from a year earlier in April, staying above $80 billion for the second consecutive month, government data showed Friday.

Exports totaled $85.89 billion, the second-highest monthly figure on record after $86.6 billion in March, according to the Ministry of Trade, Industry and Energy.

The increase was driven by strong semiconductor shipments, which surged 173.5% to $31.9 billion on rising demand tied to artificial intelligence. Chip exports exceeded $30 billion for the second straight month and set an April record.

Daily average exports, adjusted for working days, rose 48% to $3.58 billion, staying above $3 billion for a third consecutive month.

Auto exports fell 5.5% to $6.17 billion due to logistics disruptions from the Middle East, U.S. tariff effects and expanded overseas production. Exports of electric and hybrid vehicles continued to grow.

Petroleum product exports rose 39.9% to $5.11 billion by value due to higher oil prices, though shipment volume dropped 36% because of export controls on gasoline, diesel and kerosene.

Petrochemical exports increased 7.8% to $4.09 billion, while shipment volume fell 20.9% as companies expanded domestic supply.

Computer exports jumped 515.8% to $4.08 billion, and wireless communication device exports rose 11.6% to $1.62 billion.

By destination, exports to China rose 62.5% to $17.7 billion, marking six straight months of gains. Shipments to the United States increased 54% to $16.33 billion, while exports to the Association of Southeast Asian Nations rose 64% to $15.41 billion.

Exports to the European Union increased 8.5% to $7.19 billion. Shipments to the Middle East fell 25.1% to $1.27 billion due to logistics disruptions.

Imports rose 16.7% to $62.11 billion. Energy imports increased 7.5% to $10.61 billion, while non-energy imports rose 18.8% to $51.51 billion.

South Korea posted a trade surplus of $23.77 billion in April, extending its surplus streak to 15 months.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260501010000017

After back-to-back appearances at both weekends of Coachella, David Lee Roth popped out Saturday at Stagecoach to sing Van Halen’s “Jump” with Teddy Swims for the third (and final?) time. To discuss what he called his “three-peat,” I caught up later with the 71-year-old singer, who wore a bedazzled jacket and a leather vest.

Have you bought property in Indio? Do you just live here now?
No, I’ve bought property in the American musical fabric that extends beyond time frame, that extends beyond shoes and haircuts. It includes cowboy hats and yarmulkes.

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Next weekend this place is gonna be barren. Will you be back to sing “Jump” with nobody?
There’ll be plenty of people here for the Diamond Dave Big Rig Trucking School and Day Care Center.

You’re on your own tour right now. How are those shows going?
They go exquisitely because if you enjoy what you saw onstage [tonight], it’s that times 22 songs.

Twenty-two songs in the set.
Oh yeah. I wrote every word that I sing, I wrote every note that I sing — all the melodies — and I stacked all the harmonies. Ed [Van Halen], of course, contributed all the great guitar parts. And we wrote all of those parts literally sitting in a tiny little alcove room where you put a washer and a dryer. We would sit knee-to-knee the room was so small, and he’d play the electric guitar. His mom wouldn’t let him plug in because it would be too loud, so I had to lean over. Every song that you know of Van Halen, I heard from an unplugged-in electric guitar from four inches away, going, “Too long.”

Tighten it up.
Cut it short. All great musicians finish long after the ending.

Last time we talked, you said you were wearing Artemis II. What’s the outfit tonight?
This is classic Nudie’s western wear from Lankershim. This is from the ’50s. This has been all over the world. This is made by Nudie’s of Hollywood, who made all of Roy Rogers’ and Jean Autry’s [clothes] and all of “Bonanza,” “Gunsmoke,” “Rawhide’s” wear. Look up Nudie of Hollywood, OK? This baby’s worth more than my shoes, and they’re custom-made. This jacket’s worth more than my teeth — same thing.

April 21 (Asia Today) — Credit card loans and cash advances in South Korea surged more than 50% in March, signaling growing financial strain among households and raising concerns about rising credit risk in the card industry.

According to data from the Credit Finance Association, card loan usage at nine major credit card companies rose to 11.44 trillion won ($8.4 billion) in March from 7.42 trillion won ($5.4 billion) in February, an increase of about 54%.

Outstanding card loan balances reached 42.99 trillion won ($31.5 billion), up slightly from the previous month and marking a third straight month of increases.

The sharp rise reflects growing demand for short-term, high-interest borrowing as households face persistent inflation and a slowing economy, while tighter bank lending standards push lower-credit borrowers toward credit cards as a last resort.

Industry officials warned the trend could signal deteriorating asset quality, as card loans typically carry higher default risks.

Delinquencies are already rising. Data from the Bank of Korea showed the delinquency rate on credit card loans at commercial banks reached 4.1% at the end of January, the highest level since May 2005.

Loans overdue for more than six months – widely considered difficult to recover – also surged, rising 84% last year to 470.8 billion won ($345 million).

While higher loan volumes can boost interest income, industry officials said the increasing share of low-credit borrowers and longer delinquency periods could weigh on profitability due to higher provisions for bad loans.

Among card issuers, Samsung Card recorded the largest loan volume in March at 2.22 trillion won ($1.6 billion), while Hyundai Card posted the biggest monthly increase.

Cash advance usage also climbed sharply, rising 56% month-over-month to 12.48 trillion won ($9.1 billion), with outstanding balances increasing 4.5% to 6.29 trillion won ($4.6 billion).

A credit card industry official said the combined rise in new borrowing and outstanding balances could become a burden if delinquency rates continue to worsen.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260421010006681

April 21 (UPI) — Retail sales rose by 1.7% in March mostly due to high gas prices from the ongoing conflict with Iran, the Commerce Department announced Tuesday.

It was the fastest monthly change in three years, according to a release.

In February, sales rose 0.7%.

Retail sales are seasonally adjusted but not for inflation. In March inflation rose by 0.9%, which was three times the February rate, according to the latest Consumer Price Index.

The war between the United States, Israel and Iran has caused gas prices to spike. The Strait of Hormuz, a critical transportation route for oil, has been closed to most traffic throughout the fighting. It has dramatically affected the price of gas in the United States and abroad.

Gas station sales jumped in March by 15.5% from February. Without gas station sales, retail rose 0.6% in March, which was at 0.7% in February.

Some categories were stronger. Furniture and home furnishing sales were up 2.2% in March.

Electronics and building materials held up well, too.

Gary Schlossberg, global strategist at Wells Fargo Investment Institute, said in commentary to investors on Tuesday: “Pressure on household budgets is being cushioned, for now, by sizable increases in tax refunds tied to last year’s legislation.”

Consumers adjusted their spending in other areas. Apparel sales were flat, and restaurant sales rose only 0.1%.

Gas prices likely caused that, said Dan North, Allianz Trade senior economist for North America.

“Gasoline is a thing you love to hate, because you have to buy it; there’s really no substitute,” North told CNN in an interview.

Eventually, consumers will deplete savings and tax refunds, and for lower-income Americans, it could be a struggle, North said.

“If we can wind this up, so to speak, in the next few months, the damage to the consumer and economy might not be so bad,” North said. “If you start stretching it out for months and months and toward the end of the year, then consumers and the rest of the economy get in trouble.”

David Lee Roth popped out at Coachella on Friday to sing Van Halen’s classic “Jump” with Teddy Swims. After the show, we grabbed a few minutes with the 71-year-old rock star, who wore a beaded vest and tight silver-and-black trousers and sipped from a red plastic cup.

Ted, Teddy, Theodore — what do you call Teddy swims?
I call him Teddy. Teddy Swims is one of the best names ever — everybody’s saying it. All around in the city here are visitors from Germany, Holland, Japan, China, and they all know that name. Something like Greenberg? Helfenbein? [Shrugs]

What if you’d been Dave Roth?
My full name is David Lee Roth — it’s an anagram. When I was born, I had a traumatic birth — I was backwards, I had the cord around, I was hyperactive. My grandfather, who was a 70-hour-a-week physician — graduated medical school in 1920 — took a look at me two hours after I was born and told my mom, “He’s gonna be trouble.” And Mom’s way of saying “Go schtup yourself,” she added the middle name Lee. If you reverse the letters, it comes out the devil.

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You ever been to Coachella before?
This is my first time on this stage, and it’s the most forgiving audience. What a colorful, noisy bunch.

A forgiving audience? What does that mean?
It means if you go to Kenny Chesney, you gotta have the hat — the girls have to have the cut-offs. There’s rules. If you go heavy metal, you gotta cut the sleeves off a black shirt — not blue.

And here it’s catch-as-catch-can?
It’s inventive, creative, imaginative without rules — the way artwork perhaps used to be in the middle ’80s. In 1985, graphic art, sculptural art, automotive art — there were no rules. Today, you’re not getting on any gallery walls without a political bias. And today, here, I’m not sure what the bias is. I can wear something like this and it’s like, “Too bad you showed up in your day clothes.”

What is this outfit?
This is Artemis moon mission. I’m vacuum-packed for your safety — kid-tested, mom-approved. She likes it because it’s good for ’em. I like it because it’s gonna taste so good.

“I got my back against the record machine,” from “Jump.” Could you explain to the kids what a record machine is?
It’s a jukebox. And it’s a visual — like Broadway: [Sings] “When you’re a jet, you’re a jet / All the way from your first cigarette…” Now, I know Tony like I know me — the playground is neutral territory.

Wait, who’s Tony?
“West Side Story.”

What’s a jukebox have to do with “West Side Story”?
It suggests an image of a human being leaning against a jukebox saying, “I may not be the best thing in your mind today — but I’m the right tool for the job.”

Van Halen’s highest-charting single — what was it?
Either “Panama” or “Jump.”

It was “Jump” — a No. 1 hit in 1984. Remember what was No. 2 behind it?
Oh my God, “Boogie Oogie Oogie”?

“Karma Chameleon,” Culture Club.
OK, that’s Boy George.

You ever meet Boy George?
Yes, I did. Boy George would have fit into Coachella perfectly. Where is he? A Boy George comeback at Coachella? Stop lying.

What’s the best Van Halen song?
It depends what verb you’re attaching.

You choose.
Pairing, for example, the right alcoholic beverage with the right firearm is important. A light Pilsner goes with that new Czech machine pistol we saw in the last John Wick movie. And a Benelli shotgun for Guinness stout. Van Halen music is the same thing: What verb are you participating in? Are you dancing? How long? The whole night. Are we running? Sure. Who with? The devil.

What’s in your cup here?
This is what made me what I am today — fat and unemployed.

Published on
01/04/2026 – 9:58 GMT+2

Renewed optimism over a possible de-escalation in the Iran war, now in its fifth week, gave a strong boost to stock markets in Europe and Asia on Wednesday.

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At the time of writing, the Euro Stoxx 50 is up over 1%, while the broader pan-European Stoxx 600 is around 2.5% higher.

In London, the FTSE 100 has risen roughly 0.8% with Germany’s DAX 30 and France’s CAC 40 making equal moves to the upside. Italy’s FTSE MIB has jumped the most and is 1.7% higher.

During a press gaggle at the White House on Tuesday, US President Donald Trump stated that the country would “probably” stop attacks on Iran within two to three weeks “‘whether we have a deal or not”.

Following Trump’s comments, the front month future contracts for oil also saw a sharp decline, with Brent crude and WTI both trading around 4% lower and below $100 a barrel.

Trump also stressed that the US would “not have anything to do with” what happens next in the Strait of Hormuz.

Despite the relief, markets are eagerly anticipating Trump’s address to the nation about the conflict, which will occur overnight on Wednesday, according to the White House Press Secretary.

Asian markets, US futures and precious metals

Asian shares also rose sharply on Wednesday after Trump’s statement.

At the time of writing, South Korea’s Kospi has recovered losses from earlier this week, surging over 8%, while Tokyo’s Nikkei 225 rose more than 2%.

A survey by Japan’s central bank released on Wednesday showed that business sentiment among major manufacturers had improved despite concerns over the Iran war.

Hong Kong’s Hang Seng index is also over 2% higher, while the Shanghai Composite has jumped around 1.5%. Additionally, India’s Sensex rose roughly 2%, Australia’s ASX 200 is up 1% and Taiwan’s Taiex climbed more than 4%.

“De-escalation hopes have given markets a lift, but we think the effects of the war would, in many cases, persist even if it were to end soon,” said Thomas Mathews, head of markets for Asia Pacific at Capital Economics, in a research note on Wednesday.

US futures are also all trading between 0.7% and 1.2% higher.

The move comes after US stocks recorded their strongest day in almost a year on Tuesday, when the S&P 500 rose 2.9%, its largest gain since May.

The Dow Jones Industrial Average climbed 2.5%, while the Nasdaq jumped 3.8%.

“It’s worth considering how markets might respond if the war were to end very soon. Do markets have further to recover if sentiment continues to improve? The answer is almost certainly yes,” Mathews added.

In other trading, gold rose is up 1.4% trading at around $4,730 while silver is down roughly 1% to $74.3 an ounce.

South Korean stocks surged more than 5 percent Wednesday, on a semiconductor rally boosted by the ongoing U.S. chip giant Nvidia’s global artificial intelligence (AI) conference. The Korean won strengthened against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) closed up 284.55 points, or 5.04 percent, to 5,925.03.

The index came under strong buying pressure from foreigners and institutional investors, triggering the Korea Exchange (KRX), the country’s main bourse operator, to issue a buy-side sidecar near the closing bell.

Program trading for the KOSPI was suspended for five minutes at 2:34 p.m., according to the KRX.

Offshore and institutional investors snapped up a combined net 4 trillion won (US$2.7 billion) worth of equities. Retail investors, on the other hand, offloaded 3.9 trillion won.

Trade volume was heavy at 1.1 billion shares worth 26.1 trillion won, with winners far outnumbering losers 614 to 278.

Investors’ appetite for semiconductors increased, following remarks from Nvidia’s Chief Executive Officer (CEO) Jensen Huang on Samsung Electronics, Lee Kyoung-min, an analyst at Daishin Securities, said.

During the ongoing four-day event in California, Huang said on Monday he wants to “thank Samsung, who manufactures the Groq LP30 chip” for the company, adding that the chips are in production and would be shipped in the second half of this year.

“The stock market’s sensitivity to geopolitical issues in the Middle East is markedly declining,” Lee added.

Most large cap shares ended bullish.

Top-cap Samsung Electronics jumped 7.53 percent to 208,500 won, while its chipmaking rival SK hynix climbed 8.87 percent to 1,056,000 won.

Nuclear power plant builder Doosan Enerbility rose 2.78 percent to 107,300 won, on anticipations alternative energy sources would benefit from the recent spike in oil prices.

Brent crude, the international oil benchmark, has remained at the US$100 per barrel level for the past five sessions.

In contrast, defense shares lost ground as investors went to lock in profits. Hanwha Aerospace inched down 0.43 percent to 1,390,000 won, and LIG Nex1 retreated 2.27 percent to 689,000 won.

The Korean won was quoted at 1,483.1 won against the U.S. dollar as of 3:30 p.m., up 10.5 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 6.3 basis points to 3.261 percent, and the return on the benchmark five-year government bonds retreated 6.7 basis points to 3.511 percent.

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