128 stories found
Seoul shares opened lower Wednesday, tracking overnight losses on Wall Street as investors reassessed the future of artificial intelligence trade, with the benchmark Korea Composite Stock Price Index paring some initial losses.
Seoul shares opened higher Monday on gains made by technology companies ahead of the release of major companies' second-quarter earnings results.
Seoul shares saw a nearly 1% increase driven by tech gains, while South Korea announced that all but two of its vessels have departed the Strait of Hormuz, with upcoming US-Iran talks also in focus.
South Korean stocks opened lower on Monday as investors reacted to renewed uncertainty surrounding the US-Iran ceasefire and an increase in oil prices. The benchmark Korea Composite Stock Price Index fell by 0.91 percent.
Micron Technology reported blowout earnings and a strong forecast driven by insatiable AI demand, causing its shares to surge and leading to a rally in South Korean chip stocks, including SK Hynix, which also announced plans for a Nasdaq listing.
A former key ally of Spanish Prime Minister Pedro Sánchez has been sentenced to 24 years in prison for corruption, leading to increased pressure on the Prime Minister. The conviction is related to a mask scandal and has drawn significant attention in Spain and internationally.
South Korean stocks closed higher on Thursday, recovering from an earlier fall, driven by gains in major semiconductor shares following robust export data. The market also navigated ongoing uncertainties in the Middle East.
The United States conducted strikes against Iran in retaliation for the downing of an American Apache helicopter, with Iran claiming to have attacked a US base in Bahrain and vowing a heavier response. US officials stated that negotiations with Tehran remain unimpeded despite the escalating military actions.
South Korean stocks opened sharply lower Friday as investors took a breather following a recent rally in tech shares amid uncertainty over the U.S.-Iran peace deal.
South Korean stocks experienced a sharp decline late Tuesday morning as investors engaged in profit-taking, particularly from market heavyweights, despite overnight gains on Wall Street.
Seoul shares experienced a sharp increase on Monday morning, driven by an extended rally in the technology sector.
Seoul's stock market saw gains late Friday morning, reportedly driven by news and speculation surrounding a potential peace deal between the United States and Iran.
Seoul shares have surged to a new high, trading over 8,000, driven by optimism surrounding a potential US-Iran deal and the reopening of the Strait of Hormuz.
The United States has intensified its pressure on Cuba, including indicting former leader Raúl Castro on murder charges. This action has led to celebrations for Castro in Cuba and international warnings against potential US military intervention.
Seoul shares closed lower for the second consecutive day due to a foreign-selling spree, while the South Korean won saw a rise.
Seoul's stock market experienced a sharp decline, with shares dipping significantly due to a widespread slide in technology stocks. The South Korean won also saw a drop in value amidst the market downturn.
US consumer inflation has reached a three-year high, leading to mixed and lower trading on Wall Street and global markets. The surge in inflation is partly attributed to uncertainties surrounding a potential conflict with Iran.
The US military reported intercepting Iranian attacks in the Strait of Hormuz, leading to renewed tensions. President Trump described the strikes as a "love tap" while warning Iran of harsher retaliation.
Samsung Electronics has achieved a $1 trillion market capitalization, becoming one of the few non-US companies to reach this milestone, largely fueled by the surging demand for AI chips.
Seoul's Kospi stock index surged to a fresh record high, fueled by a strong performance in chip-related stocks. This market rally was also attributed to eased tensions in the Middle East, which came into focus as trading resumed.
(LEAD) Seoul shares take breather amid Middle East tensions Yonhap News Agency
Seoul shares ended a three-day rise due to profit-taking, with investor sentiment influenced by hopes for a second round of U.S.-Iran peace talks, leading to a decline in the won.
South Korean stocks rose for the third consecutive session Thursday, closing above the 6,200-point mark for the first time since the outbreak of the US-Iran war amid hopes for a second round of their…
The International Monetary Fund has lowered its global growth forecast and issued a warning about a potential worldwide recession. This outlook is largely attributed to the escalating conflict in the Middle East and its impact on energy markets.
South Korea has shared ship data with Iran as part of ongoing efforts to secure safe passage through the Strait of Hormuz. This move comes amidst diplomatic contact between Iran and India regarding the movement of ships in the critical waterway.
Во Пакистан, властите се подготвуваат за утрешната прва рунда разговори меѓу САД и Иран, насочени кон решавање на конфликтот што започна со нападите на САД и Израел врз Иран на 28 февруари
Economists expect inflation increased in March because of higher energy prices. Genaro Molina/Los Angeles Times via Getty Images The new CPI report will be published on Friday at 8:30 a.m. ET. The inflation rate is expected to accelerate due to energy prices and the Iran war. The war's effects will likely last for months, even after it ends. A new inflation report is around the corner, likely unveiling the effects of the Iran war on prices, but even if a tentative ceasefire holds, energy pr...
South Korean stocks experienced a decline of over 1.5 percent, ending a four-day winning streak, as investors reacted to ongoing uncertainties in the Middle East. The Korean won also weakened against the U.S. dollar.
Seoul shares opened higher Tuesday, led by gains in technology shares after Samsung Electronics Co. reported record earnings in the first quarter.
Oil prices have shown significant volatility, experiencing retreats as the Middle East conflict is perceived to be easing and markets await clarity on trade policies, while Asian equities have also risen on tentative hopes of a resolution.
The global bond market is experiencing its most significant monthly decline in years, as Middle East oil-producing countries reduce their exposure to US government bonds, intensifying fears of a dangerous economic scenario due to the ongoing Middle East war, with the Treasury market now facing the test of rising war costs.
Attacks on oil and gas facilities in the Middle East by both sides are escalating, threatening grave consequences for the global economy, prompting French President Emmanuel Macron to call for a moratorium on such attacks.
South Korean shares kicked off sharply higher Tuesday as easing crude prices and hopes for the possible reopening of the Strait of Hormuz lifted major US stock indexes overnight.
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.
Global markets brace for potential 'disaster' as the Iran conflict intensifies, with Trump's erratic messaging regarding the Strait of Hormuz further roiling oil markets and causing volatility in South Korean shares.
South Korean stocks opened higher as investors sought bargains despite global oil price volatility stemming from the ongoing Middle East crisis, with the benchmark KOSPI index rising significantly.
South Korean stocks pared earlier losses to close nearly unchanged Friday on a growing appetite for autos and defense firms amid the ongoing Middle East crisis.
Seoul shares down 1 pct late Fri. morning on Middle East woes Yonhap News Agency
Financial markets are experiencing a 'Seoul-sapping selloff,' indicating a significant downturn in the market, particularly affecting Asian equities.
Seoul shares plunged over 12 percent Wednesday to close below the 5,100-point mark amid growing concerns over the economic fallout from the Middle East conflict. The Korean won fell sharply against the U.S. dollar. The Korea Composite Stock Price Index extended its losses, tumbling 698.37 points, or 12.06 percent, to close at 5,093.54, following a plunge of over 7.24 percent the previous session. The Korea Exchange triggered circuit breakers shortly after the KOSPI fell more than 8 percent amid
Korea Export-Import Bank has initiated a W40 trillion relief program to support Korean companies impacted by the ongoing conflict in the Middle East, offering financial assistance and a dedicated response desk.
Asia-Pacific markets were set to open mostly lower Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.
Seoul shares opened higher Wednesday, briefly breaching a new historic landmark of 6,000 amid an extended rally in technology stocks. The benchmark Korea Composite Stock Price Index rose 26.73 points, or 0.45 percent, to 5,996.37 in the first 15 minutes of trading. Shortly after the opening bell, the KOSPI briefly breached the 6,000-point mark, just one month after landing in the 5,000-point territory. Overnight, the Dow Jones Industrial Average rose 0.76 percent, while the tech-heavy Nasdaq com
Samsung Electronics announced an 1,800% increase in its operating profit, largely attributed to strong demand for AI memory chips. Despite these record earnings, South Korean stock markets experienced a significant decline.
South Korean stocks experienced a nearly 8 percent drop, driven by a significant sell-off in semiconductor shares and renewed investor concerns over excess capacity in the AI sector.
South Korean stocks opened slightly higher, tracking Wall Street gains as investor appetite for tech shares improved due to easing tensions in the Middle East.
South Korean stocks experienced a significant nosedive, falling nearly 6 percent, as investors engaged in profit-taking following recent rallies driven by artificial intelligence-related stocks.
South Korean stocks, as measured by the Kospi index, opened higher on Wednesday, showing resilience despite significant sell-offs in US semiconductor shares. The benchmark index saw a notable increase in early trading.
The United States and Iran have concluded a first round of peace talks in Switzerland, with both sides expressing cautious optimism and reporting 'great progress.' Iran has reportedly agreed to allow IAEA inspectors back into the country, and the US may unfreeze Tehran's assets.
Global stock markets, including Seoul shares, opened sharply lower due to a slide in US tech stocks and renewed concerns over escalating tensions with Iran. The Japanese stock market also saw a significant drop.
South Korean stocks experienced a significant rebound, surging by more than 8 percent and reclaiming the 8,000-point threshold, driven by renewed investor confidence in artificial intelligence and news of a ceasefire between Israel and Iran.
Tensions between the US and Iran continue to simmer following recent clashes in the Gulf, with conflicting reports emerging regarding potential breakthroughs in nuclear material removal talks. While President Trump claimed negotiations were progressing well, Iran indicated no significant advancements.
The United States launched strikes against Iranian military targets on Goruk and Qeshm Island, citing self-defense after a drone was shot down. In retaliation, Iran reportedly hit an air base and Kuwait was struck by missiles and drones.
US and Iranian officials have reportedly reached a tentative ceasefire deal, but its approval remains uncertain as it awaits a final decision from President Trump. The potential agreement has also influenced oil prices.
Global stock markets, including the S&P 500, Nasdaq, and Seoul shares, have reached new record highs, primarily driven by optimism in the tech sector and AI. This surge comes despite renewed tensions in the Middle East.
Global markets experienced mixed reactions, with oil prices fluctuating and stocks generally rising, amid hopes for a US-Iran peace deal. However, new US strikes on Iran introduced uncertainty, dampening some of the initial optimism.
Samsung Electronics' union has suspended its strike after reaching a tentative wage deal with the company. However, a group of shareholders has vowed legal action against the agreement, raising concerns about its financial implications.
Stock markets in the US and Seoul both experienced declines, with Wall Street ending lower due to inflation concerns pushing up yields, a trend that influenced Asian trading.
Seoul shares experienced a rebound and turned higher on Monday morning, primarily driven by significant gains in the chip sector. This recovery followed an earlier deep trough in the market.
South Korean stocks rebounded by over 2 percent, reaching a new peak above the 7,800-point mark, driven by investor interest in semiconductor and auto shares. The local currency, however, declined amid lingering Middle East tensions and ahead of the US-China summit.
Iran has denied claims by the US that it struck a South Korean ship in the Hormuz Strait, with South Korea maintaining a cautious stance on the cause of the incident. Tehran firmly rejected any involvement in the alleged attack on the vessel.
Following President Trump's decision to pause US naval escorts in the Strait of Hormuz, Tehran celebrated the move as a victory, while Iran's foreign ministry reiterated its demand for a fair and comprehensive agreement to resolve the Gulf conflict.
Seoul's stock market saw shares rise by almost 4% late Monday morning, primarily propelled by a strong rally in the semiconductor sector.
Asian stock markets, including Seoul shares, showed mixed reactions to escalating Middle East tensions, with Seoul experiencing declines while oil prices advanced amid the US-Iran deadlock.
Seoul shares ended a three-day rise, starting lower due to profit-taking. This market movement occurred amid growing hopes for a second round of US-Iran peace talks.
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
A Chinese oil tanker, subject to US sanctions, successfully traversed the Strait of Hormuz, reportedly breaching the US-imposed blockade. This incident has sparked debate over the blockade's effectiveness and legality, drawing criticism from Iran.
US, Indonesia discussing proposal allowing US military overflight in Indonesian airspace, defence ministry says The Straits Times
Rusia şi-a reafirmat, joi, disponibilitatea de a ajuta Iranul să scoată din ţară uraniul îmbogăţit dacă Republica Islamică va decide în cele din urmă acest lucru, informează EFE, potrivit Agerpres.
'After the war, everyone says they won, but we'll see in two to five years. No one can predict what will happen in Iran.'
Today's Iran War news: why the much-ballyhooed Iran ceasefire is much less than it seems to be.
US President Donald Trump on Sunday stepped up his threat to hit Iran's critical infrastructure hard if the country's government doesn’t reopen the Strait of Hormuz by his Monday deadline. Trump punctuated his threat with profanity in a social media post Sunday, saying that Tuesday will be “Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.” He also offered details of the rescue of a “seriously wounded and really brave” US service member he identified as a “respected colonel” who w
US President Donald Trump delivered a primetime address on the Iran conflict, asserting that US forces are close to achieving their objectives and defending strikes on nuclear sites, while also threatening escalation but suggesting the war's end is near.
South Korean shares closed higher, with the KOSPI index adding 17.98 points, as investors expressed hopes for a quicker resolution to the U.S. and Israel-led war against Iran, which has been impacting global financial markets.
Investors are grappling with a less clear outlook on Federal Reserve interest rates as the Iran conflict continues to impact global markets, with Seoul shares notably dipping nearly 3% due to the escalating crisis and a hawkish Fed stance.
Seoul's stock market concluded the trading day with shares closing more than 1 percent higher, defying concerns over rising oil prices.
The US Trade Representative (USTR) has launched new Section 301 trade investigations into alleged unfair trade practices, including forced labor, targeting 60 countries and economies. In response, Thailand's Ministry of Commerce has established a task force to compile evidence and argue against its inclusion in these US investigations.
South Korean stocks finished higher for the second straight session Wednesday as investors hunted for bargains amid the market's recent volatility caused by the US-Iran war.
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
A new report discusses the impact of the war in Iran on global financial markets, offering advice to investors despite the absence of a major crash.
South Korean stocks started 3.09 percent higher Thursday after the previous session's daily record drop of over 12 percent on fears over a prolonged Iran crisis, while Wall Street rebounded and oil…
(LEAD) Seoul shares plunge over 12 pct on Middle East conflict fears; won tumbles Yonhap News Agency
Seoul is making its patented artificial intelligence system, designed to automatically detect and report sexually exploitative content online, available free of charge to institutions throughout South Korea.
Seoul shares plunge nearly 4 pct late Tues. morning over Middle East conflict woes Yonhap News Agency
South Korean stocks soared more than 3 percent to close at a fresh record high of over 6,300 Thursday as investors were buoyed by artificial intelligence prospects following Nvidia Corp.'s better-than
Seoul shares surged more than 2 percent Tuesday, closing at a fresh record high above the 5,900-point mark, driven by strong gains in technology shares. The Korean won fell against the US dollar.
Seoul shares closed lower as foreign investors continued to sell off local stocks in anticipation of major companies' second-quarter earnings reports.
South Korean stocks fell by over 2% as investors locked in gains from recent AI-fueled rallies in semiconductor shares, with uncertainty surrounding fragile US-Iran peace talks also contributing to the market's decline.
South Korean stocks fell on Monday, driven by losses in tech shares and investor caution over renewed concerns about the fragile US-Iran ceasefire and rising oil prices.
South Korean stocks opened lower on Friday, influenced by tech sector losses on Wall Street and investor concerns over the valuation of AI-related shares and potential interest rate hikes by the Federal Reserve.
US and Iranian delegations expressed optimism after concluding technical talks in Switzerland, agreeing to form four working groups to continue negotiations. Both sides indicated progress and a move to the next phase of discussions.
The United States and Iran have concluded their first round of high-level talks in Switzerland, with mediating countries emphasizing encouraging progress and a constructive atmosphere. Mediators Qatar and Pakistan stated that a roadmap for peace has been agreed upon, and a blockade in the Strait of Hormuz was lifted with assets to be returned to Iran.
Iran launched retaliatory missile strikes against US bases in the Persian Gulf region, escalating tensions in the Middle East. These attacks followed earlier US actions and led to increased military alerts in several countries.
South Korean stocks opened sharply higher, rebounding from a previous plunge. The rise was attributed to a rebound in major technology shares and a ceasefire between Israel and Iran.
Seoul shares continued their upward trend, opening at a record high above 8,800 and closing at another record, largely fueled by a strong rally in the technology sector, particularly Samsung's performance. This marks a significant period of growth for the South Korean stock market.
South Korean stocks extended their rally to a fresh all-time high on Monday, fueled by strong gains in artificial intelligence-related stocks and a broader tech rally, while the local currency strengthened against the US dollar.
Seoul shares closed at a new high, driven by a strong rally in technology stocks and growing optimism regarding the situation in the Middle East.
Seoul's Kospi index has scaled to another new peak, with the rally in chip-related stocks continuing to drive the market's strong performance.
Seoul shares ended higher for a second consecutive day, driven by hopes of a potential deal between the United States and Iran, though the won sharply depreciated.
The United States is reportedly pressuring the Palestinian UN envoy to withdraw from a bid for a General Assembly vice presidency. Reports indicate that the US has threatened to revoke the envoy's visa if they do not comply.
South Korean stocks closed lower on Tuesday, with the benchmark Korea Composite Stock Price Index dipping 3.25%, as a foreign-selling spree of major tech companies continued, tracking an overnight tech slump on Wall Street, and the local currency weakened against the US dollar.
The S&P 500 and Nasdaq stock indexes closed at new record highs, driven by strong performance in the technology sector and investor enthusiasm for artificial intelligence. This surge reflects a broader positive sentiment in global markets, with Asian stocks also climbing.
US and Iranian forces exchanged fire in the Strait of Hormuz, escalating tensions in the region. This renewed hostility led to a significant increase in oil prices and caused volatility in global stock markets.
President Trump expressed optimism that a deal with Iran could be reached within a week, despite Tehran's skeptical response to a US proposal. Iranian officials reportedly dismissed the offer, referencing a 'Trust me Bro' operation as having failed.
South Korean stocks experienced a significant surge of over 5 percent, nearing the 7,000-point threshold, as investors bought semiconductor shares amidst anticipation of developments in US-Iran peace talks.
Major tech companies released their latest earnings reports, with Google posting strong results. However, Meta's shares experienced a significant decline as investors reacted to the company's substantial planned investments in AI.
Seoul shares opened lower, reflecting market uncertainties surrounding ongoing peace talks. Investors reacted to the geopolitical climate impacting the region's economic outlook.
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
Seoul's stock market saw shares close above the 6,000 mark for the first time since the US-Iran conflict, according to Yonhap News Agency.
Seoul shares surged by nearly 3 percent, approaching the 6,000 level, attributed to an easing of tensions in the Middle East.
Gold drops as inflation worries linger on failed US-Iran talks The Star
US-Iran ceasefire deal shows strain ahead of talks with oil flows squeezed The Straits Times
Seoul shares ended a four-day winning streak, experiencing a decline due to growing uncertainties in the Middle East. Geopolitical tensions are impacting investor confidence in the South Korean market.
From New York to Los Angeles, drivers say they’re driving less, skipping trips and adjusting budgets as gas prices rise.
US allies are developing a Plan B for the Strait of Hormuz in case President Trump withdraws, as Trump continues to strongly criticize NATO countries for their unwillingness to deploy militaries to the waterway and threatens to leave the alliance. This comes as Trump's irritation with NATO forces Europeans to confront the realities of the alliance.
Iran's Revolutionary Guard has reiterated its warning to US tech firms, explicitly listing 18 companies including Apple, Google, and Meta as targets for 'reciprocal action' starting tomorrow. This follows previous threats against leading American technology companies, which Iran claims are complicit in alleged Israeli-US intelligence-backed strikes.
South Korean shares opened almost 1 percent higher Friday amid hopes the US and Israel-led war against Iran, weighing heavily on global financial markets, may end sooner than expected.
South Korean stocks surged more than 5 percent, driven by a strong semiconductor rally, with the benchmark Korea Composite index strengthening. This market boost is attributed to the ongoing US chip giant Nvidia's global artificial intelligence conference, despite broader Middle East uncertainties.
The Aramco chief has warned of a 'catastrophic' impact on the oil market if the Strait of Hormuz remains closed, reiterating that Saudi Aramco could restore full production within days of its reopening.
Indian source says Iran to allow India-flagged tankers to pass through Strait of Hormuz Daily Mirror - Sri Lanka
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes Middle East crisis – live updates Israel and the US have bombarded Iran and…
Seoul shares, which initially opened sharply lower due to market volatility over Iran and surging crude oil prices, have rebounded more than 5 percent, with the won also sharply up, as Iran-related concerns eased.
The Dow Industrials dropped significantly on Thursday, heading for its worst week since October, as oil prices surged due to the U.S.-Iran conflict.
Seoul shares opened sharply higher after experiencing their steepest decline ever, indicating a rebound in the stock market.
(LEAD) Seoul shares plunge over 12 pct on Middle East conflict fears; won tumbles Yonhap News Agency
Fears about oil prices fueled sharp declines on global stock exchanges. However, it was possible to profit from arms companies.
Seoul shares experienced a sharp decline late Friday morning, attributed to widespread profit-taking by investors.
South Korean stocks pulled off a strong start Thursday as US chip giant Nvidia Corp.'s better-than-expected earnings report fueled a rally in semiconductor shares here. The benchmark Korea Composite S