Market
A daily market brief, published each morning. Markets, stocks, industry, economy, global, and policy — sorted by category.
Kospi Whipsawed by Iran-US Military Clash, Chip and Nuclear Stocks Cushion the Fall
Kospi swung sharply on news of a military clash between Iran and the United States before closing modestly higher, supported by chip stocks and nuclear power names. SK Hynix's oversubscribed ADR offering and AI investment news from Meta and Nvidia also helped steady sentiment.
Kospi Whipsaws on Geopolitical Risk, Closes Slightly Higher
Kospi opened lower and briefly pared losses in the morning. But around midday, news that Iran's Revolutionary Guard had struck US military bases in Kuwait and Bahrain pushed the decline to roughly…
Read more →SK Hynix ADR Offering Draws Strong Demand, Nuclear Stocks Rally
SK Hynix's US depositary receipt offering was about seven times oversubscribed. Bloomberg reported strong demand from long-only funds and sovereign wealth funds among other institutional investors,…
Read more →Meta and Nvidia News Reaffirm AI Buildout, China Memory IPO Exposes Tech Gap
Meta said it will invest about 13 trillion won ($9.2 billion) to build a gigawatt-scale data center in Canada. The announcement came after market chatter about Meta possibly having spare computing…
Read more →Iran-US Strikes Escalate, Oil Jumps and Asian Markets Retreat
Iran's Revolutionary Guard said it struck US military bases in Kuwait and Bahrain around midday, warning of a stronger response against US bases in the region if attacks continued. US Central Command…
Read more →Nuclear Buildout Backed by Presidential Office, Regulators Probe Front-Running at Broadcaster
Presidential policy chief Kim Yong-beom said new nuclear reactors should be built wherever local communities want them, and that discussions are underway with industry on using LNG…
Read more →Hosts Push Back on Morgan Stanley and Nikkei, Call for Tougher ETF Rules
Morgan Stanley argued in a report that the narrow chip-led rally is ending and market leadership is broadening toward hyperscalers, recommending trimming chip exposure in favor of hyperscalers near…
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