Asian markets saw a dip for the second day as a strong rally cooled. US Treasuries held their ground after gains. Samsung Electronics reported record profits but its stock fell. Mixed US economic data is influencing Federal Reserve rate cut expectations. Geopolitical concerns and economic outlook are also impacting markets.
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