{"id":64161,"date":"2026-07-03T01:08:17","date_gmt":"2026-07-03T05:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-india-pmi-cools-strait-of-hormuz-transits-rise-and-kospi-rebounds\/64161\/"},"modified":"2026-07-03T01:08:17","modified_gmt":"2026-07-03T05:08:17","slug":"global-markets-update-india-pmi-cools-strait-of-hormuz-transits-rise-and-kospi-rebounds","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-india-pmi-cools-strait-of-hormuz-transits-rise-and-kospi-rebounds\/64161\/","title":{"rendered":"Global Markets Update: India PMI Cools, Strait of Hormuz Transits Rise, and KOSPI Rebounds"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>India&#39;s private sector growth slowed to a three-month low in June<\/strong>, with the <strong>HSBC India Composite PMI<\/strong> falling to <strong>57.4<\/strong> from <strong>59.3<\/strong> in May as demand normalized and cost pressures weighed on momentum.<\/li>\n<li><strong>Maritime traffic through the Strait of Hormuz has increased significantly<\/strong> following a <strong>US-Iran ceasefire<\/strong>, though Iran has issued fresh warnings to vessels against using &quot;unapproved routes.&quot;<\/li>\n<li><strong>South Korea&#39;s KOSPI index staged a dramatic V-shaped recovery<\/strong>, rebounding as much as <strong>4.3%<\/strong> from intraday lows driven by aggressive institutional bargain hunting in semiconductor heavyweights.<\/li>\n<li><strong>Former top military officials have warned of the &quot;politicization&quot; of the U.S. armed forces<\/strong>, citing recent administrative actions that they claim erode the military&#39;s traditional apolitical stance.<\/li>\n<\/ul>\n<h2>India\u2019s Economic Expansion Moderates in June<\/h2>\n<p>India\u2019s private sector experienced a cooling period in June, according to the latest <strong>HSBC India PMI<\/strong> data. The <strong>Services PMI<\/strong> edged slightly higher to <strong>57.4<\/strong> compared to the previous reading of <strong>57.3<\/strong>, but remained well below the highs seen earlier in the year. Meanwhile, the <strong>Composite PMI<\/strong>, which includes manufacturing activity, dipped to <strong>57.1<\/strong> from <strong>57.4<\/strong> (preliminary) and <strong>59.3<\/strong> in May, marking the softest pace of expansion since March.<\/p>\n<p>Analysts suggest the moderation reflects a &quot;normalization&quot; of demand after a period of rapid growth. While the reading remains comfortably above the <strong>50.0 threshold<\/strong> that separates expansion from contraction, business confidence has reportedly weakened to its lowest level since January. <em>Rising fuel prices and intense market competition<\/em> were cited by firms as primary headwinds to further output growth.<\/p>\n<h2>Geopolitical Tensions Ease in the Strait of Hormuz<\/h2>\n<p>Commercial shipping activity in the <strong>Strait of Hormuz<\/strong> is showing signs of recovery as a fragile <strong>US-Iran ceasefire<\/strong> holds. Reports indicate that daily transits have reached approximately <strong>70 crossings<\/strong>, a significant increase from the lows seen during the height of the three-month conflict. The reopening of this critical waterway, which handles roughly <strong>20% of global oil and LNG shipments<\/strong>, has provided much-needed relief to energy markets.<\/p>\n<p>However, the situation remains volatile. <strong>Iran\u2019s military command<\/strong> issued a warning on Thursday, threatening a &quot;forceful response&quot; to any vessels departing from designated navigation routes. <em>Diplomatic efforts in Doha and Islamabad<\/em> continue as mediators seek to transition the current ceasefire into a more permanent peace framework, though disputes over transit fees and maritime authority persist.<\/p>\n<h2>KOSPI Rebounds Amid Semiconductor Bargain Hunting<\/h2>\n<p>The <strong>KOSPI (<a href=\"\/stock\/KOSPI\">KOSPI<\/a>)<\/strong> in Seoul advanced as much as <strong>4.3%<\/strong> in a volatile session, recovering from a brutal <strong>8% selloff<\/strong> the previous day. The rebound was led by heavyweights Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>), which surged <strong>6%<\/strong>, and SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>), which rose <strong>4%<\/strong>. Institutional investors reportedly injected nearly <strong>1.7 trillion won<\/strong> into the market, viewing the previous day&#39;s tech rout as an overreaction.<\/p>\n<p>The volatility in South Korean markets has been amplified by high levels of retail leverage and the recent introduction of <strong>leveraged single-stock ETFs<\/strong>. While the broader Asian market remained mixed following a lukewarm <strong>U.S. jobs report<\/strong>, the aggressive &quot;buy the dip&quot; sentiment in Seoul suggests that investors remain optimistic about the long-term prospects of the AI-driven semiconductor cycle despite short-term capacity concerns.<\/p>\n<h2>Military Leaders Warn of Domestic Politicization<\/h2>\n<p>In a report highlighted by the <em>Wall Street Journal<\/em>, a group of former top U.S. generals and service secretaries warned that the <strong>U.S. military is being increasingly politicized<\/strong>. The warning comes amid a series of high-level dismissals and the use of military assets in partisan settings. The officers argued that these actions threaten to &quot;blur the line&quot; between military service and political messaging, potentially damaging public trust and internal morale.<\/p>\n<p>The white paper, authored by figures including former Army Secretary <strong>Louis Caldera<\/strong> and retired General <strong>George Casey<\/strong>, calls for a return to traditional norms of military neutrality. This development follows a period of significant upheaval at the <strong>Pentagon<\/strong>, characterized by a <strong>20% cut<\/strong> in four-star positions and the firing of several top-tier commanders earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways India&#39;s private sector growth slowed to a three-month low in June, with the HSBC India Composite PMI falling 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