South Korea’s stock market is facing a significant downturn after a dominant run in the global AI sector, as the Kospi has dropped 22% since its peak, marking it as the worst performer in the second half of the year. A startling 70% decline in turnover has prompted withdrawals from both foreign and local investors.
Dollar stays near 18-month high as Mideast conflict, inflation data in focus
The dollar’s steadiness reflects a cautious market responding to geopolitical stresses in the Middle East, which have dampened investor confidence. Fluctuations in oil prices continue