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U.S. stocks in New York closed lower on the 27th (local time). With concerns lingering over an AI-driven shock to employment, risk-off sentiment strengthened as U.K.-linked credit risks resurfaced and inflation data added to the burden. At the New Yo
U.S. President Donald Trump on the 27th (local time) ordered all federal agencies to stop using technology from Anthropic, the developer of the AI “Claude.” The move comes as the Pentagon has signaled it wants to broadly expand the scope of military
[Breaking] Reuters: “U.S. approves departure of some staff from U.S. Embassy in Israel” Lee Bo-bae, Korea Economic Daily online contributing reporter newsinfo@hankyung.com
Signals tougher tax burden on ‘one premium home’ after heavier taxation on multi-homeowners New York’s effective rate at around 1–2% Tokyo levies fixed-asset tax on construction cost Korea: around 0.1% based on officially assessed land prices New Jer
Meta, which has joined the race to develop superintelligence that surpasses humans, has signed a deal to bring in artificial intelligence (AI) chips from Google, following agreements with Nvidia and AMD. The Information, a U.S. IT-focused outlet, rep
The Federal Reserve (Fed), the U.S. central bank, is pursuing legal action in response to a U.S. Department of Justice investigation involving Chair Jerome Powell. According to The Wall Street Journal (WSJ) on the 26th (local time), the Fed, through
After the U.S. stock market fell overnight, led by weakness in tech shares, a chill also swept through the local market. Still, the KOSPI reversed course during the session to set a new all-time high. Foreign investors are net sellers of more than KR
Morgan Stanley said on the 27th that it is raising its year-end target for the KOSPI index to 6,500. This comes just a month after it lifted the target to 5,200 on the 29th of last month. In a report released the same day, Morgan Stanley said that “t
The KOSPI opened lower and retreated to the 6,200 level. Foreigners are net selling more than 1 trillion won, but individuals are buying roughly the same amount, providing support on the downside. According to the Korea Exchange, as of 9:24 a.m. on t
The United States and Ukraine held bilateral talks in Geneva, Switzerland, on the 26th (local time) to discuss postwar reconstruction plans. Afterward, the two countries plan to hold trilateral ceasefire negotiations with Russia in Abu Dhabi, United
As the Kospi has been repeatedly hitting fresh record highs, attention is growing over the market’s next direction. With the benchmark surging more than 46% so far this year, concerns are mounting about the possibility of a short-term correction. Acc
◆ Nvidia plunges despite strong results… Wall Street ends mixed The three major U.S. stock indexes ended mixed after a session marked by sharp swings. Nvidia, a key pillar of the artificial intelligence (AI) industry, posted robust fourth-quarter res
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said on the 26th (local time) that while several interest-rate cuts may be possible this year, a cautious approach is needed. In an interview with Fox News that day, Goolsbee said, "I
Nvidia plunges despite strong earnings Long-pressed software sector rebounds The three major U.S. stock indexes finished the session mixed after a bout of sharp volatility. Nvidia, a key pillar of the artificial intelligence (AI) industry, posted str
The third round of nuclear talks between the United States and Iran, resumed in Geneva, Switzerland, has concluded, Omani Foreign Minister Badr Albusaidi said on the 26th (local time). In a post on X (formerly Twitter) that afternoon, Albusaidi said
Large- and mid-cap indices up 14% while micro-caps ‘barely’ gain 1% “Commercial Act revision creates additional opportunities in governance-related themes and asset plays” As the KOSPI climbed from the 5,000 level to 6,300 in just one month after bre
Nvidia posts blowout Q4 results Q4 revenue hits $68.13 billion… up 73% An inflection point driven by agentic AI AI investment translates into revenue Next-gen 'Vera Rubin' to launch in H2 "Many companies are generating real revenue through investment
Lee Chang-yong: "National Pension Service’s FX hedging also contributed" "A sharp short-term stock rally is a risk factor" Bank of Korea Governor Lee Chang-yong said on the 26th that recent moves in the won-dollar exchange rate suggest "supply-demand
USDC circulation jumps, up 35% in a day Coinbase, Strategy also gain Stablecoin issuer Circle Internet Group (ticker: CRCL) posted an “earnings surprise,” sending crypto-related stocks sharply higher across the board. On the 25th (local time), Circle
BOK: “Policy rate to be held for the next six months” Rate kept at 2.5% per year for a sixth straight meeting This year’s growth outlook raised from 1.8→2.0% The Bank of Korea’s Monetary Policy Board on the 26th held the policy rate at 2.50% per year
Fear gauge tops 50 Enters the ‘extreme fear’ zone Margin debt at KRW 32tn…risk of a selling wave if a correction hits As the KOSPI extends its record-high rally day after day, the so-called “fear gauge,” which reflects investor anxiety, is surging. W
Room to use exemptions to preserve bargaining leverage South Korea, Japan, among potential targets As the United States began applying a 10% global tariff on imports from around the world starting on the 24th, remarks by officials in Donald Trump’s a
KOSPI jumps 3.67% on Nvidia tailwinds, closes at 6,307.27 Won-dollar exchange rate: 1,425.8 won The KOSPI index punched through the 6,300 level just one day after topping 6,000. The move came as Nvidia’s strong earnings overnight dismissed talk of an
Real consumer spending, adjusted for last year’s price increases, fell for the first time in five years, a new report showed. Analysts say a combination of stubbornly high inflation and a shrinking population also curbed household outlays. According
CME down again…recurring technology risk Gold and copper futures also briefly halted Trading in natural-gas futures on the Chicago Mercantile Exchange (CME) Group’s electronic platform, Globex, was suspended for nearly an hour. According to Globex, a
Saudi daily exports hit a three-year high Iran boosts tanker loadings Similar move seen last year ahead of a U.S. strike As concerns grow over a potential military clash between the United States and Iran, Middle Eastern countries appear to be increa
Bank of Korea governor: "I think the gap between current market rates and the policy rate is excessive" Oh Se-sung, Hankyung.com reporter sesung@hankyung.com
The median of the Bank of Korea (BOK) Monetary Policy Board’s projection for the policy rate six months ahead was presented at 2.50% per annum. The figure comes from the K dot plot, unveiled for the first time by the BOK on the 26th. Dots were also p
The Bank of Korea decided to keep the base rate at 2.50% per annum. It opted to hold rates for a sixth consecutive meeting after cutting the base rate by 0.25 percentage point from 2.75% per annum in May last year. The decision is seen as reflecting
HBM4 race heats up in earnest… Samsung Electronics and SK hynix show strength in the pre-market With Nvidia posting record-high revenue on sustained demand for artificial intelligence (AI) infrastructure, shares of Samsung Electronics and SK hynix ar