European stocks hit a record high Friday, buoyed by defence and insurance sectors, ending the year on an optimistic note. The STOXX 600 index saw significant gains, driven by strong performances in banking and aerospace. This surge follows a week of tech-led losses, with investors now favouring European markets over U.S. tech giants amid falling interest rates.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK