Weather tracker: Flooding and landslides hit large parts of Asia Torrential rain has battered Vietnam, southern China and South Korea, leading to multiple deaths The Guardian - UK · Jul 20
Samsung, SK Hynix Tumble in Seoul as China AI Breakthrough Weighs on AI Infrastructure Stocks Seoul-listed shares of Samsung Electronics Co. and SK Hynix Inc. (NASDAQ:SKHY) fell sharply on Monday, extending last week’s sell-off and dragging South Korea’s benchmark KOSPI index lower, as investors continued to assess the implications of China’s latest AI advances. Benzinga · Jul 20
Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning. The Economic Times · Jul 20
South Korea's share market losses deepen as leveraged AI bets take a heavy toll South Korean shares experienced a significant decline, triggering market-wide trading curbs. Investors are unwinding AI-linked trades, extending a sharp correction in the KOSPI index. This selloff highlights growing investor anxiety over leveraged bets on AI chipmakers. Markets also reacted to escalating Gulf conflict and rising oil prices. Major tech earnings… The Economic Times · Jul 20
South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing Asian shares are mostly higher but South Korea's Kospi has fallen nearly 5% as investors unload more stocks linked to artificial intelligence The Independent UK · Jul 20
How Korean stocks turned from trusty bellwether to AI frenzy That volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distorted investors' views on fundamentals in South Korea, a market at the heart of the global AI boom. More than half of all stock market circuit breakers… The Economic Times · Jul 20
How a dispute over ecommerce firm Coupang is testing US-South Korea ties South Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country's openness to American tech, raising worries the matter is impacting Seoul's relations with the U.S. The Economic Times · Jul 20
Global Market Today: Asian shares hesitant as oil climbs, earnings loom Asian markets showed hesitation as oil prices climbed due to escalating Gulf conflict. This surge revived inflation worries, influencing Federal Reserve rate hike expectations. Major tech earnings this week will test investor confidence in artificial intelligence stocks. South Korea's market experienced significant losses after retail investors were squeezed out. The… The Economic Times · Jul 20
Why the AI Chip Boom Just Forced South Korea to Raise Interest Rates Bank of Korea hikes interest rates to 2.75% as massive AI semiconductor exports push inflation past 3%. See how the move will impact mortgage rates. International Business Times · Jul 18
Faced with inadequate US healthcare, Black women fly to South Korea: ‘It could save your life’ Black women who feel minimized or dismissed in the US are traveling thousands of miles for South Korea’s patient-first approach The Guardian - US · Jul 18
Celtic set for crucial meeting over Yang's Asian Games participation South Korean football chiefs will meet with Celtic next week to decide on Yang Hyun-jun's timescale preparations for the Asian Games. The National (Scotland) · Jul 18
AI Stock Losses Prompt Crackdown On Leveraged ETFs In South Korea South Korean regulators freeze new single-stock leveraged tech ETFs and triple retail margin requirements after extreme "Roller KOSPI" volatility driven by retail AI bets decouples from Samsung and SK Hynix's stable earnings. International Business Times · Jul 17
Why South Korea Just Banned New Leveraged ETFs for Samsung and SK Hynix South Korea halts new leveraged ETFs for Samsung and SK Hynix to tame market volatility. See how new investor rules will impact tech trading. International Business Times · Jul 17
New approach for survivors of sexual violence In this edition: how Belgium is leading the way in treating survivors of sexual violence by offering a one-stop centre which provides them with access to medical, psychological and police support. Also, as South Korea is wrestling with a fertility crisis a group of monks at a local monastery are… France 24 · Jul 17
Bored Panda · Jul 17 Here’s Why North Korea Keeps Failing To Make A Film Anyone Outside The Country Wants To Watch He owned more than 15,000 films, personally ran his country's studios, and had the resources of an entire nation behind him. So why couldn't Kim Jong Il produce a single movie anyone outside North Korea wanted to see? Desperate, he resorted to kidnapping the talent he couldn't grow at home.
The Economic Times · Jul 17 Global Market: South Korea's AI-driven stock frenzy fuels volatility, challenges market fundamentals The sharp swings have unsettled investors and regulators alike, with market movements increasingly driven by leveraged investment products rather than corporate fundamentals. The volatility has also complicated the assessment of South Korean equities, particularly as the country remains a critical supplier of AI-related semiconductor technology.
The Economic Times · Jul 17 How a dispute over ecommerce firm Coupang is testing US-South Korea ties South Korea's fine on ecommerce firm Coupang has drawn significant US criticism. This dispute raises concerns about Seoul's openness to American technology companies. The issue is impacting broader bilateral relations and security negotiations between the two nations. South Korean officials maintain the fine was for a data leak, not discrimination.…
The Economic Times · Jul 17 Foreign inflows in Asian bonds surge to seven-month high in June Asian bonds saw their largest foreign inflows in seven months during June. Lower oil prices and strong technology demand improved the region's economic outlook. Investors bought over eleven billion dollars in regional bonds, seeking safer fixed-income assets. South Korean and Indian bonds recorded substantial net foreign purchases. Indonesian bonds attracted…
The Economic Times · Jul 17 After record $29 billion selloff, FIIs buying India again. Chris Wood explains why After a record $29 billion foreign selloff, FIIs have turned net buyers of Indian equities in July. Jefferies' Christopher Wood says the earlier outflows were driven by the AI-led rally in Korea and Taiwan, adding that sustained inflows will depend on the AI trade cooling or Indian valuations becoming more…
The Economic Times · Jul 17 Global Market: How leveraged ETFs are amplifying the AI chip trading frenzy Leveraged ETFs tracking AI chipmakers Samsung and SK Hynix have surged in South Korea. The SK Hynix-linked fund's assets have grown twentyfold this year, prompting regulators to curb promotional activity amid sharp volatility spikes tied to daily rebalancing.
The Independent UK · Jul 17 UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea
The Economic Times · Jul 17 South Korea-US team unveils robotic technology that dresses the wearer The technology developed by researchers at South Korea's KAIST and Stanford University uses soft and flexible "vines" powered by air pressure embedded in clothing. When pressurised, the vines glide the fabric up close to the wearer's body like an ivy plant climbing on a structure, even if the person does…
Benzinga · Jul 16 South Korea’s Extreme Market Volatility Triggers Intervention on Leveraged ETFs Tied to SK Hynix, Samsung Seoul is tripling the cash Korean investors must hold to trade leveraged single-stock funds, an emergency attempt to contain the violent volatility that have triggered several emergency trading halts on the KOSPI index in recent weeks.
The Economic Times · Jul 16 Korean subscriber attacks stock YouTuber after losing money on investment A South Korean man was arrested for allegedly attacking a stock YouTuber after reportedly suffering heavy investment losses from following the creator's recommendations. The incident has reignited concerns over the growing influence of online investment influencers and the risks of relying on unverified stock tips without independent research.
The Economic Times · Jul 16 Explained: 3 reasons why South Korea's Kospi crashed 6% today South Korea's Kospi index experienced a significant decline of over six percent on Thursday. This downturn followed the Bank of Korea's first interest rate increase in three years. Major tech stocks like SK Hynix and Samsung Electronics saw substantial drops. Concerns are mounting over the impact of single-stock leveraged ETFs…