Markets:South Korean Kospi down 8.1%CHF leads, USD lagsNikkei 225 down 4%S&P 500 futures down 0.1%WTI crude up $3.10 to $82.36US 10-year yields up 1.2 bps to 4.62%It was another crazy day in South Korea. This time the Kospi opened higher only to crumble, currently down more than 8% on a drop in SK Hynix shares following earnings. The commentary wasn't bad and the company talked about demand extending through 2027 but revenues missed and in this market, only perfect is good enough. In terms of news, the big headline was Iran firing 5 ballistic missiles at a US base in Jordan. The big focus in the day ahead is the Fed decision, which is highly uncertain.