Flares

• President Lee Jae Myung's approval rating has dropped below 40% for the first time since his inauguration in June 2025, according to a Realmeter poll. • The decline is attributed to escalating friction between the liberal administration and the Supreme Court over controversial justice appointments. • This conflict highlights a deepening power struggle between the executive branch and the judiciary, currently led by Chief Justice Jo Hee-de.

• The ASX opened higher despite geopolitical tensions and flaring hostilities between the US and Iran, which have caused oil prices to jump. • Market sentiment was bolstered by the Nasdaq debut of South Korea's SK Hynix, which saw shares rise 14% after raising approximately $US26.5 billion. • Investors are anticipating a strong second-quarter earnings season on Wall Street, with LSEG analysts forecasting a 24% surge in S&P 500 earnings driven largely by technology firms.

• The sun released three colossal solar flares within a 24-hour window, triggering radio blackouts across various regions of Earth. • These powerful eruptions have increased the likelihood of geomagnetic storms, which may produce vivid northern lights (auroras) throughout the current week. • This activity is significant as it demonstrates the sun's current volatility, directly impacting satellite communications and terrestrial radio signals.

• The Eurovision Song Contest is celebrating its 70th anniversary in Vienna, but the event is facing its largest boycott in history. • Spain, the Netherlands, Ireland, Slovenia, and Iceland have withdrawn from the competition to protest Israel's participation amid ongoing attacks in Gaza. • This geopolitical tension highlights a shift in the contest's identity, moving from a lighthearted musical showcase to a platform for intense political conflict.