After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chip shares higher.
Category: Kospi Stock Index (South Korea)
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In Another Wild Day for South Korean Stocks, Market Surges 15 Percent
The New York Times – Business: -
Samsung Made More Profit Last Quarter Than the Last Two Years Combined
The New York Times – Business:The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations.
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The Tech Sell-off Goes Global
The New York Times – Business:Investors are bracing for rough trading after stocks in Asia and Europe were clobbered on Tuesday. A.I. companies like SpaceX are getting hit hard.
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Oil Falls and Stocks Rise After a Day of Drastic Swings
The New York Times – Business:The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”