Bank of Korea Hikes Rates, China Tops the US in Global Favourability and Asian Chip Stocks Tumble 

Headline news for July 16, 2026: The Bank of Korea raises rates for the first time in three and a half years as inflation hits a two-and-a-half-year high driven by Middle East energy costs. A Pew Research survey finds China now viewed more favourably than the US in most countries surveyed including key U.S. allies. Asian chip stocks tumble. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro or Nicole Teo

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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