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$15.8bn wiped off Indian IT market cap in a single day Elon Musk, CEO of Tesla, said advances in artificial intelligence (AI) would render human coding proficiency meaningless. Following the remarks, India’s leading IT companies saw more than 21 tril
On Feb. 12 (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 669.42 points (1.34%) from the previous session to 49,451.98, the Standard & Poor’s (S&P) 500 slipped 108.71 points (1.57%) to 6,832.76, and the Nasd
Remarks related to US energy exports South Korea: "There was no specific agreement" Government pushing coal phaseout left 'in a bind' US President Donald Trump said on the 11th (local time) that he had struck a “historic trade deal to dramatically in
Financial regulator approval required every three years On an 'interim license' after expiring in December 2024 Public sentiment sours over 'erroneous coin distribution' Approval likely deferred until the situation is contained Potential sanctions fo
Korea Exchange–NXT consortium seen as front-runners Lucentblock, embroiled in controversy, likely to be excluded Regulators stick to stance of 'licensing up to two' South Korea’s Financial Services Commission (FSC) is understood to have settled on a
CBO Outlook Report Projects $3 trillion fiscal deficit in 10 years A Congressional Budget Office (CBO) analysis warns that the size of the U.S. fiscal deficit and debt will surge to record levels within a decade. In its 2026 Budget and Economic Outlo
Micron: “DRAM inventories are extremely tight” NAND and other prices seen up 30% in Q1 Samsung Electronics up 6%, Hynix up 3% With the Lunar New Year holiday just two days away, the KOSPI index broke through 5,500 for the first time ever. Samsung Ele
A backlash is spreading within the U.S. Congress against the tariff policy that has become a trademark of President Donald Trump. With concerns mounting that tariffs will push up prices and that excessive pressure on allies will provoke blowback, the
The KOSPI closed above the 5,500 mark for the first time ever on the 12th. On the day, it consecutively set new records by breaking through 5,400 and 5,500 for the first time. According to the Korea Exchange, the KOSPI ended up 167.78 points (3.13%)
KOSPI up in the 2% range amid a surge in Samsung Foreigners turn to net buying The KOSPI is climbing sharply, briefly topping the 5,500 mark intraday, driven by a rally in Samsung Electronics, the bellwether semiconductor stock. According to the Kore
Donald Trump is weighing a U.S. withdrawal from the United States-Mexico-Canada Agreement (USMCA), Bloomberg reported on the 11th (local time), citing multiple sources. The USMCA was an agreement reached in 2018 during Trump’s first administration am
Pershing Square, the hedge fund led by billionaire investor Bill Ackman, has made a large-scale equity investment in Meta, the operator of Facebook and Instagram. According to CNBC on the 11th (local time), Pershing Square said in materials for an in
Reunites with Quantum Development CEO Lee Jun-ha and others Eric Trump, the second son of former U.S. President Donald Trump, visited “Trump World” in Yeouido, Seoul, on the 11th. Eric Trump, who met with the key figures behind the development of Tru
The KOSPI opened on the 12th after breaking above the 5,400 level. It is the first time on record the index has risen above 5,400. According to the Korea Exchange, as of 9:15 a.m. on the 12th, the KOSPI was trading at 5,413.83, up 59.34 points (1.11%
Contrary to the Trump administration’s long-touted pledge to “reduce debt,” an analysis says the U.S. fiscal deficit and the size of the national debt are likely to surge to record levels within the next decade. According to the Congressional Budget
On the 12th, Korea’s stock market will be watching whether the KOSPI can extend its rally that has lasted three consecutive sessions. With a tailwind for semiconductors coming out of the U.S., some see the KOSPI breaking its all-time intraday high if
U.S. stocks in New York ended slightly lower. U.S. nonfarm job gains in January far exceeded expectations, providing a tailwind, but equities turned volatile as doubts about the strength of the labor-market beat combined with valuation concerns near
President Lee to lunch with Jung Cheong-rae and Jang Dong-hyeok at the Blue House…likely to urge bipartisan cooperation President Lee Jae-myung will host a luncheon on the 12th at the Blue House, inviting Jung Cheong-rae, leader of the Democratic Par
Alphabet, Google’s parent, raised more than $30 billion in a single day through corporate bond issuance. According to Bloomberg, after raising $20 billion in US dollar-denominated bonds the previous day, Alphabet on the 10th (local time) raised an ad
Steven McClurg, CEO of Canary Capital Rising U.S. household debt seen driving declines "Cryptocurrency prices will fall further through October this year." Steven McClurg, CEO (pictured) of U.S. asset manager Canary Capital, which runs exchange-trade
Trump: “Hand over half the ownership” Pressuring Canada to seek leverage in China trade talks Carney: “We covered the construction costs” U.S. President Donald Trump has demanded an equity stake and toll revenue from the Gordie Howe International Bri
December retail sales flat m/m at 0% Real sales may have declined after inflation Household debt delinquency rate highest in eight years Outlook: "Growth will remain solid" Renewed concerns about an economic slowdown are surfacing as U.S. consumer sp
China’s consumer price index (CPI) rose for a fourth consecutive month. The run has fueled expectations that deflationary pressure—falling prices amid a slowing economy—that had weighed on China may be starting to ease. According to the National Bure
FSC Responds to Lawmakers’ Questions Bithumb CEO Apologizes for "Inadequate Internal Controls" Financial regulators, working to contain Bithumb’s erroneous distribution of 620,000 bitcoins, signaled plans to impose regulations on exchanges on par wit
Semiconductor exports buoyed by AI investment boom Assessment: “Policy rate at current level is appropriate” The Korea Development Institute (KDI), a state-run research institute, said in connection with the recently resurfaced so-called “cherry blos
More JGB issuance to plug a funding shortfall Rising rates flash warning over heavier interest burden Japan’s national debt—including government bonds and borrowings—hit a record high of 1,342.1720 trillion yen (about 1,270 quadrillion won) at the en
National Assembly pending-issue hearing on the 'Bithumb bitcoin mispayment' incident Kwon Dae-young: "Reflect it in phase-two legislation to give it enforceability" Lee Chan-jin: "Even 5 minutes to reconcile coin ledgers is too long… real-time monito
High likelihood of Iranian retaliation White House fears political fallout if oil prices spike WTI trades around $64 The Donald Trump administration considered additional seizures of tankers carrying Iranian crude, but has reportedly held off out of
Global Web3 venture capital firm Hashed and its subsidiary ShardLab said on the 11th that they are recruiting participants for the Web3 talent development program “Protocol Camp (Protocol Camp) Cohort 9.” Protocol Camp is a 12-week intensive building