Global Markets Brace for Middle East Peace Talks as Hong Kong and South Korea Pivot on Financial Policy

Key TakeawaysGlobal equity markets are on edge as investors await a response from Tehran regarding a 15-point U.S. ceasefire proposal aimed at ending the month-long conflict in the Middle East.South Korea’s Finance Ministry announced an emergency 5 trillion won ($3.6 billion) government bond buyback to stabilize markets ahead of the country’s official entry into the World Government Bond Index (WGBI).Hong Kong is weighing "Big Bang" tax cuts for asset managers, potentially allowing performance fees (carried ...