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South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

S&P 500 and Nasdaq fall as investors question returns on Big Tech’s AI splurge

Wall Street fell as the S&P 500 and Nasdaq slid on fears that Big Tech’s soaring AI spending will take longer to pay off, with Microsoft and software stocks leading declines while the Dow also dipped.

Jensen Huang: Beijing not finished with H200 licensing despite conditional green lights

Nvidia CEO Jensen Huang said China is still finalising licensing for H200 AI chips, leaving sales uncertain despite conditional approvals for major Chinese tech firms and strong demand.

Iran’s IRGC to hold live-fire drills in Strait of Hormuz, raising shipping risk concerns

WorldMiddle EastIran’s IRGC to hold live-fire drills in Strait of Hormuz, raising shipping risk concerns

Iran’s Islamic Revolutionary Guard Corps (IRGC) is set to carry out live-fire naval exercises in the Strait of Hormuz on February 1 and 2, according to Iranian state-linked reporting cited by international media.

The announcement is drawing attention because the Strait of Hormuz is one of the world’s most critical maritime chokepoints, linking Gulf producers to global markets via the Gulf of Oman and the Arabian Sea. Any military activity in or around the corridor tends to sharpen market sensitivity around shipping safety, insurance costs, and potential delays.

The drills follow earlier airspace warnings issued by Iranian authorities for live-fire activity in the vicinity of the strait over January 27–29, underscoring that Iran is actively managing the area as tensions in the region remain elevated.

While Tehran has not released detailed operational specifics publicly, the timing and location of the exercises are likely to be interpreted as a signal of readiness and deterrence messaging — especially amid ongoing friction between Iran, the US, and European governments.

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