Retraction withdrawn. On July 3, 2026 we retracted this storyline, saying the US–Iran war it describes had been invented by our drafting process. That was our error. The events were real, and the retraction has been withdrawn. 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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