Global investors are focusing on artificial intelligence driven earnings growth, overshadowing geopolitical concerns. Strong US corporate profits and expectations of easy monetary policy are supporting markets. While some sectors may recover at different paces after conflicts, the AI investment boom is expected to continue for at least another 12 to 18 months.
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