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BOK's Shin highlights need to curb inflation amid chip boom, Middle East conflict
Bank of Korea Gov. Shin Hyun-song cited the need to “get inflation down,” and added that getting monetary policy right was “absolutely key” ahead of next week’s rate meeting.
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Kospi drops for 6th day on renewed AI concerns ahead of U.S. inflation data
Stocks fell for a sixth session after ASML’s weak sales outlook renewed concerns over AI spending ahead of U.S. inflation data.
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Kospi opens higher despite Wall Street losses, AI concerns
Stocks opened higher Wednesday after a 5.46 percent plunge, despite Wall Street losses and persistent concerns over AI spending.
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Stronger stocks usually mean a weaker won. Why isn’t that happening now?
The typical negative correlation between the local bourse and currency against the dollar has been jolted by the chip boom, and may spur a foreign investor sell-off.