South Korean shares soared to a record high on Thursday, driven by a significant surge in chipmakers Samsung Electronics and SK Hynix. Both companies secured a major deal to supply memory chips for OpenAI’s data centres, propelling the benchmark KOSPI over 3%.
Big US bank stocks head for longest weekly losing streak since 2008
Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and rising inflation. The KBW