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On June 22, the National Bureau of Statistics released unemployment data for May 2026 by age group. In May, the national urban surveyed unemployment rate was 5.1%, the unemployment rate for the urban labor force aged 16-24 was 15.6%, the unemployment rate for the urban labor force aged 25-29 was 7.2%, and the unemployment rate for the urban labor force aged 30-59 was 4.1%.According to the Financial Times, Ireland has indicated that an EU capital markets agreement is expected to be reached by the end of the year.Global Chip LOF: Trading in this fund will be suspended from the opening of the market on the afternoon of June 22, 2026 until the market closes on the same day.The yield on Japans 20-year government bonds rose 3.5 basis points to 3.600%.On June 22, Kim Yong-beom, the South Korean presidential policy chief, stated that policymakers need to consider how the benefits of the semiconductor industry boom will spread throughout the entire economic system, warning that historically, excess liquidity has often ended up in the real estate market. Kim pointed out that driven by the global artificial intelligence boom, semiconductor industry profits have soared, and South Koreas nominal economic growth rate has reached its fastest pace in over two decades. Although macroeconomic indicators show the economy has entered an exceptionally strong growth phase, many households and small and medium-sized enterprises have not yet truly felt the benefits. Kim noted that in the first quarter, South Koreas real GDP growth was 3.8%, while real gross domestic income growth reached 13.2%, a significant gap indicating that the rise in chip prices has boosted South Koreas purchasing power far more than the growth in actual output. He stated that most of the resulting income growth has not yet been reflected in the broader economy, but may gradually appear in the coming quarters through bonuses, wage increases, and the repatriation of export revenue, ultimately potentially supporting luxury goods consumption and real estate demand. "Looking back at history, this type of capital has flowed into the real estate market many times, and its difficult to assume this cycle will be different," Kim added.

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