Home World Main points of global economic news for June 1, 2026

Main points of global economic news for June 1, 2026

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1. South Korea: KOSPI index reaches historic high: The KOSPI index continues to captivate the attention of investors after setting a new record in the last session of the week, raising the possibility that the market will approach the 9,000 point mark in the near future. At the close of May 29 – the last session of June – the KOSPI increased by 3.55%, or 290.86 points, to reach 8,476.15 points. This is not only the highest closing level ever recorded, but also a record higher than that of the previous session, which stood at 8,457.09 points.

Main points of global economic news for June 1, 2026
Stock index chart in Seoul, South Korea, March 9, 2026. Photo: Yonhap/VNA

2. France could lose $240 billion due to prolonged heat waves: Extreme and repeated heat waves in the coming years could cost the French economy up to 206 billion euros ($240 billion) between 2026 and 2030, placing the country among the hardest hit by rising temperatures. temperatures, in the same way as Japan and Italy. That’s the conclusion of a study recently published by credit insurance company Allianz Trade, based on data on temperature and labor productivity in 35 countries over the past 30 years.

3. Russia bans kerosene exports for the first time: On June 1, the Russian government declared a temporary ban on kerosene exports, effective until November 30, 2026. According to the Cabinet press service, this measure aims to ensure a stable and continuous supply of fuel for the domestic market. Currently, Russian production is between 11 and 12 million tonnes, while consumption is around 10 million tonnes.

4. Manufacturing activity in Asia continues to grow: According to private surveys released June 1, manufacturing activity in Asia saw steady growth in May 2026. This reflects companies’ efforts to build up inventories of goods in anticipation of supply shocks linked to the conflict in the Middle East, and shows also the economic repercussions of the war which extends to the entire region.

5. Many Japanese companies lack adequate protection measures for their supply chains: According to a recent survey by the Japanese Prime Minister’s Office, almost half of the country’s companies have not implemented measures to protect their supply chains from external disruptions such as natural disasters and international tensions. This situation increases the risk of production disruptions, directly threatening the stability of the fourth world economy.

6. Nvidia enters the personal computer chip race: Technology giant Nvidia is entering the personal computer (PC) processor market with a new range of chips. This initiative aims to challenge Intel’s historic dominance in this sector and modernize computers for the era of artificial intelligence (AI).

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Logo Nvidia sur un écran de téléphone. Photo : Reuters/VNA

7. Shortage of AI chips puts entry-level phone market in trouble: The global smartphone market is experiencing its strongest decline in history. On June 1, the research firm Counterpoint Research forecast a 13.9% drop in global smartphone shipments this year, to 1.08 billion units, due to an increasingly serious shortage of memory chips. This new forecast is lower than the 12.4% drop anticipated in February 2026. According to Counterpoint, the conflict with Iran has worsened this global chip shortage.

8. US fills gap in exporting cutting-edge chips to Chinese companies: In guidance released over the weekend, the US Commerce Department announced on May 31 that it would enforce licensing requirements for cutting-edge chips for Chinese entities, even if their subsidiaries are based overseas. The measure closes a potential loophole that existed for a year and which would have allowed the supply of some of the world’s most efficient chips, such as Nvidia’s Rubin and Blackwell processors and AMD’s MI350x, to subsidiaries of Chinese AI companies based abroad.

Source : https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-162026-20260601214109020.htm