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(1) The Chairman of the National Pension Service of Korea stated that the fund will reassess whether to further increase the target allocation ratio for domestic stocks by the end of 2026. The recent adjustment of this ratio is based on the judgment that the current stock market rise is structurally positive, rather than a short-term fluctuation.(2) When rebalancing its domestic stock holdings, the fund will minimize market impact as much as possible. Currently, the fund's holdings account for about 6% of the total market capitalization of the Korean stock market and are concentrated in many large-cap stocks.(3) If the fund directly participates in fund-type corporate pension businesses, it is expected to achieve better asset diversification, risk management, and asset allocation. In addition, the management fees charged are expected to be only about one-third of the current service providers’ fees, which will help increase the actual returns for policyholders.(4) Before this measure comes into effect, it will still be necessary to complete multi-party consultations among labor, management, and the government, as well as to promote the relevant legislative approval process.

On June 23, Barclays strategists stated that although the macroeconomic backdrop for the U.S. stock market is complex, the overall risk balance remains favorable. As a result, they have raised their S&P 500 target from the previous 7650 points to 7800 points. The team also provided a target for 2027 of 8800 points, with an earnings per share target of $389. Barclays noted that the reasons for a bullish stock market still hold, but as the Federal Reserve's support diminishes, the market's ability to withstand disappointment decreases, and visibility into earnings and AI capital expenditures must play a greater role.

The London Metal Exchange (LME) three-month aluminum contract fell by over 3% to $3,262 per ton.