Saudi Oil to China Hits Low, South Korea's KOSPI Surges to ATH, BofA Pushes Back Fed Rate Cut Forecast

1. Saudi Arabia's crude oil supply to China is expected to fall to a record low in June, potentially impacting global oil prices.
2. South Korea's KOSPI index surged to a new all-time high driven by AI stocks, but the market regulator is now closely monitoring leveraged investments by retail traders.
3. Bank of America has revised its forecast, now expecting the US Federal Reserve to begin cutting rates in 2027, later than its previous prediction of 2026.