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Outside Investors Would Have Little Influence Over Management Musk’s Class B Shares Carry 10 Votes Each As Elon Musk’s SpaceX moves toward an initial public offering, the company’s concentrated control structure and unusual compensation plan have com
Kospi jumps more than 5% in early trading, retakes 7,600 Buy sidecar triggered Oil falls and bond yields ease as Iran talks progress Samsung Electronics labor deal boosts sentiment Kosdaq also triggers buy sidecar South Korea’s Kospi jumped more than
Noh Jung-dong, Hankyung.com reporter, dong2@hankyung.com
Won-Dollar Exchange Rate Falls Below 1,500 South Korea’s Kospi jumped more than 4% in early trading on May 21 as oil prices fell, Treasury yields steadied and concerns over a strike at Samsung Electronics eased. As of 9:06 a.m., the Kospi was up 342.
Samsung Electronics Co. and SK Hynix Inc. jumped in premarket trading on May 21. As of 8:05 a.m., Samsung Electronics was trading at 293,000 won on Nextrade's premarket platform, up 6.16% from the previous session. SK Hynix was up 4.3% at 1.82 millio
Wall Street’s three main indexes closed higher as the recent surge in US Treasury yields and global oil prices eased. Strong results from Nvidia, released after the bell, also buoyed sentiment toward technology shares. On May 20, the Dow Jones Indust
Iran said it has received a new proposal from the US and is reviewing it, as ceasefire talks between Washington and Tehran remain deadlocked. On May 20, Iranian Foreign Ministry spokesman Esmail Baghaei told state television that Iran had received th
Nvidia, the dominant supplier of artificial intelligence chips, reported quarterly results that topped Wall Street estimates and issued a strong revenue forecast, underscoring resilient demand for AI chips. Nvidia said in an earnings report released
President Donald Trump said May 20 that his administration is “liberating Cuba” through economic pressure on the island and the indictment of former Cuban leader Raul Castro, whom he accused of controlling the country from behind the scenes. Trump ma
Samsung, SK Hynix Retail Investors Brace for Nvidia Results Focus Shifts to Nvidia Guidance Nvidia to Report on May 21 Second-Quarter Outlook Is Key HBM Demand at Samsung, SK Hynix in Focus Nvidia will release its fiscal first-quarter results early o
Foreign ownership remains near record highs despite a selling wave Brokerages say this cycle differs from past crises Net selling this year has reached 112 trillion won, 3.3 times the 2008 financial crisis KOSPI market capitalization has surged 3.5-f
Oil Surge Sends Asian Currencies Tumbling Central Banks Sell US Debt to Defend Exchange Rates Odds of Fed Rate Hike This Year Jump From 0% to 41% US long-term Treasury yields climbed to their highest level in 19 years as surging energy prices tied to
Won-Dollar Rate Above 1,500 for Fourth Straight Session Dollar Gains as Investors Turn Wary of Risk Assets The won-dollar exchange rate climbed as high as 1,513.4 during trading on May 20 as U.S. Treasury yields surged and foreign investors stepped u
Elon Musk’s SpaceX has decided to acquire AI coding startup Cursor within a month of its initial public offering, Bloomberg reported on May 19. SpaceX is set to file for a Nasdaq IPO with the U.S. Securities and Exchange Commission as early as May 21
Polymarket, the blockchain-based betting platform, has launched a new prediction-market product tied to private companies including OpenAI and Anthropic. CNBC reported on May 19 that Polymarket would offer contracts linked to private-company valuatio
No detailed discussions on rare earth controls The US and China agreed to discuss broad tariff cuts and export controls on rare earths following last week's summit in Beijing. China's Commerce Ministry said May 20 that the two sides held detailed tal
First-Quarter Growth Reaches 1.7%, Opening the KOSPI 7000 Era Inflation Holds in the 2% Range as Cartels Are Cracked Down On; Credit Ratings Maintained South Korea’s Ministry of Finance and Economy on May 20 presented what it described as the economy
The Korea Exchange said on May 19 that it will close the country's securities, derivatives and general commodities markets on June 3 and July 17 in line with the government's designation of those dates as public holidays. The closures apply to the Ju
Foreign Investors Extend Selling Streak to 10 Sessions Won Ends at 1,506.8 Per Dollar South Korea’s Kospi closed lower on May 20 after a highly volatile session, with foreign investors remaining net sellers for a 10th straight trading day. The Kospi
US, China discuss cutting tariffs on at least $30 billion of goods each Boeing order, beef trade also set to resume From tit-for-tat escalation to tariff reductions, both sides give ground The US and China, now in a truce in their tariff war, agreed
South Korean Foreign Minister Cho Hyun said on May 20 that a South Korean oil tanker is leaving the Strait of Hormuz after consultations with Iran. Testifying before the National Assembly's Foreign Affairs and Unification Committee, Cho said the gove
One day before Samsung's planned general strike Emergency intervention back in focus Labor Ministry says voluntary talks come first Government weighs last-minute involvement Samsung Electronics Co. and its union failed to reach an agreement in follow
Inflation fears tied to the Iran war drive bond selloff Strait of Hormuz disruption spreads to food and airfares 62% of fund managers see US 30-year Treasury yields rising to 6% Chances of a Fed rate hike are also increasing Long-term US Treasury yie
Samsung Electronics labor talks break down after post-mediation Union chief says company rejected mediation proposal Samsung says union demands are excessive Industry estimates an 18-day strike could cost $72.5 billion Global semiconductor supply cha
Samsung Electronics shares turned lower in intraday trading on May 20 after labor and management declared a final breakdown in talks over how to calculate performance bonuses. The two sides met for a second round of post-mediation talks at the Centra
Samsung Electronics' union said it will launch a general strike on May 21. The Samsung Electronics chapter of the National Samsung Electronics Labor Union said in a notice that management repeatedly maintained that "no decision had been made" and ult
Samsung Electronics Co. and its union failed to reach an agreement in post-mediation talks at the National Labor Relations Commission. The Samsung Electronics chapter of the Korean Metal Workers' Union said it will proceed with a full-scale strike fr
South Korea’s Kospi remained weak on May 20 as foreign investors continued to sell. The benchmark index at one point dropped 3%, briefly breaching the 7,000 level, before trimming some of its losses after Samsung Electronics Co. and SK Hynix Inc. tur
Kim So-yeon, Hankyung.com reporter sue123@hankyung.com
"Korea and U.S. Treasury Yields Matter More Than Foreign Stock Selling" The won weakened to 1,513 per dollar in early trading on May 20. In Seoul's foreign-exchange market, the won opened at 1,509 per dollar and climbed to the 1,513 level early in th