Thursday, September 03, 2026 — KOSPI whipsawed 4% on US-Iran oil headlines; Japan’s 3% bond yield is the global debt-flow tell; India’s $127B NRI deposit pile gives RBI room to defend the rupee.

Rubio’s “no nation should help Iran” warning after Modi-Pezeshkian is the geopolitical landmine. Seoul already showed the damage—KOSPI tumbled 4% on renewed US-Iran tensions before bouncing as oil eased. Crude is the tell. Japan’s 3% bond yield is the macro story. It breaks the domestic-sink assumption and forces Japanese capital to rethink foreign assets. A sustained move above 3% reprices Asian carry and dollar-yen first. Kalshi’s perpetual WTI contract is a commodities angle with perfect timing. No-expiry oil exposure after a US-Iran whipsaw is a volatility product disguised as hedging. Watch early volumes. SK Hynix’s “Made in USA” HBM still starts in Korea. Advanced steps are anchored there, so the reshoring headline overstates the supply-chain shift. Bullish for Korean suppliers, not US-only. IFCI +16% in two days because the NSE IPO is nearing. It’s the listed proxy for exchange-stake value and thin float makes it violent. The market is front-running the unlock. Inox Wind +2% on

Rubio’s “no nation should help Iran” warning after Modi-Pezeshkian is the geopolitical landmine. Seoul already showed the damage—KOSPI tumbled 4% on renewed US-Iran tensions before bouncing as oil eas