Global stock markets showed mixed movements on Monday. A strong rebound in AI-related stocks like Nvidia on Wall Street boosted Asian markets. Tokyo’s Nikkei saw significant gains driven by chipmakers. The Bank of Japan’s rate hike caused the yen to weaken against the dollar. Investors are watching inflation and interest rate policies closely.
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