Kospi Index rebounds as Samsung and SK Hynix rally: is the tide finally turning?
The Kospi Index continued its strong recovery as technology companies like Samsung and SK Hynix soared. It jumped to 7,377, up by 15%
Stocks
Stocks
Kospi rockets 7% as US inflation shock unleashes Asia-wide rally
Asian stocks rallied on Wednesday as a surprise drop in US inflation eased fears of an imminent Federal Reserve rate increase, while a
Stocks
Xiaomi stock at risk as phone market share slips while Samsung, Apple gain ground
Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It
Stocks
TSMC stock braces for record earnings, but this Nvidia risk could derail the rally
TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock
Investing
USD/ZAR forecast: falling wedge points to a South African rand pullback
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the
Investing
US Dollar weakens despite escalating Middle East tensions as markets await US data
The US Dollar (USD) struggled to attract buyers early Thursday despite a fresh escalation in tensions in the Middle East. Investors shifted their
Investing
Currency markets trade mixed amid US-Iran conflict uncertainty
Financial markets remained volatile heading into the weekend as investors avoided taking large positions amid continued uncertainty surrounding the conflict. Market participants largely
Investing
Sterling rises as BoE rate hike bets strengthen amid inflation concerns
The GBP/USD pair rose to around 1.3355 during the early European session on Tuesday. The British pound strengthened against the US dollar. Investors
Investing
US dollar steadies ahead of CPI as oil surge pressures global currencies
The US dollar remained supported on Tuesday after benefiting from a risk-averse market environment at the start of the week. Investors also turned
Economy
Gold recovers after two-week low as softer US CPI boosts Fed outlook
Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had