India’s government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses.
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