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LATEST

Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●

Asia

'Wait till payback time!': South Korean retail investors protest as govt apologises after Kospi crashes 40% in a month

Markets-Economic Times · 1h ago · 🇮🇳 India

'Wait till payback time!': South Korean retail investors protest as govt apologises after Kospi crashes 40% in a month

Kospi skyrocketed over 122% since the beginning of the year to hit a lifetime high of 9,386 in June on the back of a global AI frenzy, before things began to go downhill. While South Korea’s stock market grabbed headlines as the world’s best-performing stock market this year so far, analysts were quick to point out the concentration of chipmakers Samsung Electronics and SK Hynix, which make up just over half of the benchmark Kospi.

Read the full story at Markets-Economic Times →

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