Retraction. Starting in June 2026, The Fold published a storyline reporting that Iran's Supreme Leader Ali Khamenei was assassinated on February 28, that his son Mojtaba Khamenei was installed as his successor, and that a US-Iran war, ceasefire, and Doha diplomatic process followed — including in this article. We have found no independent, verifiable reporting supporting these specific claims. The storyline originated as an error in our automated drafting process: an early chapter generated these details without a real source, and later chapters treated the invented premise as established fact instead of catching the error. We do not have independent knowledge of Mr. Khamenei's actual status and are not asserting an alternative account — we are withdrawing our own reporting because we cannot stand behind it. See our corrections log.
Storyline 3 chapters

Equities

May 11 – May 22, 2026 Updated May 22

Every published chapter of The Fold's coverage of Equities, in one place — oldest to newest, updated as the story develops.

Market News

KOSPI surges past 7,800 to fifth straight record as SK Hynix overtakes Eli Lilly

Seoul's benchmark closed up 4.32 per cent at 7,822.24, its fifth consecutive all-time high, with SK Hynix shares jumping 11 per cent on AI-memory demand. Combined market capitalisation across KOSPI and KOSDAQ topped 7,000 trillion won for the first time.

Market News

S&P 500 climbs to fresh record above 7,499 as Trump-Xi summit eases trade overhang

The S&P 500 added 0.75 per cent to 7,499.88 by mid-morning Thursday, extending a record run after Donald Trump and Xi Jinping endorsed a "strategic stability" framework in Beijing. The Dow rose 0.79 per cent; the Nasdaq added 0.84 per cent.

Market News Latest

Dow sets record close above 50,500 as Iran deal hopes lift stocks into holiday

The Dow Jones Industrial Average rose 294 points to a record close of 50,579.70 on Friday, the S&P 500 added 0.37 per cent to 7,473 and the Nasdaq Composite gained 0.19 per cent to 26,344 as traders priced in growing odds of an Iran war ceasefire framework.

The week's numbers, checked

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