Korea’s bourse operator issued a temporary curb on program selling for the benchmark Kospi on Monday morning after a sharp drop in Kospi 200 futures.
A temporary trading curb, known locally as a sidecar, has been activated for the sell-side for the Kospi on Monday morning as Korean stocks started sharply lower amid lingering volatility in the market sparked by the Middle East conflict.
Korea’s stock exchange triggered a sell-side circuit breaker on the Kospi on Monday after a steep fall in index futures, as risk appetite weakened following U.S. President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair.
Korea's industry ministry said Tuesday it has delivered concerns to China over Beijing's export curb on graphite that could potentially disrupt the supply chains of the global battery industry.
The latest US sanctions on chip exports to China will have limited impact on Korea, as its production of advanced AI chips is minimal, according to the Korean government.
Samsung Electronics and SK hynix are now authorized by the U.S. government to bring advanced chip equipment and technology to their Chinese operations indefinitely, resolving major uncertainties for the Korean chipmakers.
Seoul predicts Beijing's latest export sanctions on key minerals will have limited impact on the Korean economy, but chip and display companies are worried about risks to their supply chain if the restrictions grow protracted.
The Japanese government will soon host a policy dialogue on export controls, according to Kang.
Restaurants, bars and cafes will be able to stay open until 10 p.m. starting Saturday, as Korea eased some social distancing measures on the day Covid-19 cases exceeded 100,000 for the first time.
Korea's financial regulator is expected to announce additional measures next week to tame runaway household debt that will focus on toughening requirements for the repayment capability of borrowers, sources said Wednesday.
Korea JoongAng Daily Sitemap
