Global stock markets showed stability after the Federal Reserve reduced interest rates. Investors remained cautious as the central bank signaled a measured approach to further easing. US equity futures saw gains, while Asian markets like Korea and Taiwan also rose. The Bank of England is expected to maintain rates. The Bank of Canada already cut its key policy rate.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq