South Korean authorities arrested and detained impeached President Yoon Suk Yeol, over his brief declaration of martial law last month. The dictator, eager to shut out the influence of Hollywood and K-pop, has been exalting a “shock brigade” of 300,000 teens and 20-somethings drafted into flood reconstruction.
Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.
South Korea's economy barely grew in the fourth quarter of 2024, as the country's worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency.
Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 basis points. South Korea's Kospi ended the day up 1.23% to 2,527.49, while the small-cap Kosdaq index was ...
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.
U.S. stocks are drifting near a record as Wall Street’s recent rally loses some momentum. The S&P 500 slipped 0.1% in early trading Thursday, a day after after pulling to
Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared. Futures for the S&P 500 lost 0.1% before the opening bell,
South Korea's economy expanded at a weaker-than-expected pace of 2.0% in 2024 after lackluster growth in the fourth quarter amid weak consumer and business spending, bolstering the case for the central bank's another rate cut next month.
Nvidia's market value dropped more than $500bn after the emergence of DeepSeek - a low-cost chatbot built by a Chinese AI firm.
Global shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy. Shares rose in early Tuesday trading in Germany and Britain while falling in France.
NASDAQ, S&P, and Dow Industrials, all key major US markets players, were in green, showing an upward trend on Tuesday, a positive outcome in comparison to Monday's red strike.