South Korea

European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving vacation. Europe's continent-wide STOXX 600 index increased 0.48%, after falling 0.75% throughout the previous 2 sessions. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.52%, but Japan's Nikkei climbed up 0.56%. Trading in U.S. equities and Treasuries was closed, but futures for the U.S. S&P 500 were up 0.24% after the index fell 0.38% on Wednesday. European markets were improved by a rally in tech shares after Bloomberg reported the Biden administration's curb on Chinese...

European shares ticked up together with the dollar on Thursday after both fell the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving vacation. Europe's continentwide Stoxx 600 index rose 0.36% after falling 0.75% throughout the previous 2 sessions. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.52%, however Japan's Nikkei climbed up 0.56%. Trading in U.S. equities and Treasuries was closed, but futures for the U.S. S&P 500 were up 0.15% after the index fell 0.38% on Wednesday. Data on Wednesday showed U.S. consumer costs increased in October however the Federal Reserve's...

European shares ticked up along with the dollar on Thursday after both fell the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving vacation. Europe's continent-wide Stoxx 600 index increased 0.62% in early trading after slipping 0.75% over the previous 2 sessions. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.52%, however Japan's Nikkei climbed 0.56%. Trading in U.S. equities and Treasuries was closed, however U.S. stock futures determines ticked greater. Futures for the U.S. S&P 500 were up 0.11% after the index fell 0.38% on Wednesday. Data on Wednesday revealed U.S. customer...

Asian shares were suppressed on Thursday and the dollar was on the defensive after U.S. data revealed progress in slowing inflation had stalled even as the economy stayed durable, raising doubt over the path the Federal Reserve might take next year. With the U.S. Thanksgiving holiday likely to keep trading thin for the rest of the week, traders remained hesitant in placing significant bets. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.07% lower, with Japan's Nikkei up 0.46%. Belief stayed frail as financiers contemplated the possibility of a tariff war stimulated by U.S. President-elect Donald Trump's policies. Information...

The dollar rallied sharply on Tuesday after U.S. Presidentelect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Asian stocks decreased, giving back some of the robust gains of the previous session, when they were buoyed by the election of fund manager Scott Bessent as Treasury Secretary, considered by investors as a voice for Wall Street in Washington. Bessent's consultation had also led to a sharp fall in U.S. yields as investors scooped up Treasury bonds, sending the dollar moving in the previous session. It's practically as if Trump wants to advise markets...

The U.S. dollar and bond yields held near multimonth peaks on Monday on expectations the Federal Reserve would slow its rate of relieving, while worldwide shares were primarily lower, with investors waiting on Nvidia's. revenues release later in the week. U.S. President-elect Donald Trump's new administration is. starting to take shape with elections to health and defense. roles last week, however two crucial positions for monetary markets,. Treasury Secretary and Trade Representative, are yet to be. filled. Trump's choice of vaccine sceptic Robert F. Kennedy Jr. for. the top U.S. health job has currently resulted in a fallout in the....

Naphtha is anticipated to stay in short supply in Asia over the next number of years as more crackers come online and as need for blending the fuel with gas increases, industry executives and experts stated. Tight supply might support costs for the fuel and petrochemical feedstock and lift refiners' margins. However, raised naphtha rates will put more margin pressure on petrochemical makers which are facing weak need and increases in inventories for their products. In Asia, the naphtha deficiency compared to require is approximated at 1.73 million barrels each day (bpd) in 2025, and 1.51 million bpd in 2026,...

Longer-dated U.S. bond yields rose alongside the dollar on Thursday as investors wager that President-elect Donald Trump's. policies would sustain inflation and keep rates greater for longer,. while European stocks rose on hopes of a better growth outlook. Bitcoin leapt back above $90,000, having surpassed. that level in the previous session, turbocharged by Trump's. return to the White Home and the view that his administration. will be an advantage for cryptocurrencies. The world's largest cryptocurrency, bitcoin last traded 2.3%. greater at $90,654, having already skyrocketed more than 30% in the. last 2 weeks. In the broader market, traders responded to...

Worldwide stocks came under pressure on Tuesday from financier concern about U.S. Presidentelect Donald Trump's policies, while bitcoin neared a. record $90,000 as traders stacked into possessions they think could. gain from the new administration. Investors have actually been funnelling money into properties they believe. will get a boost from Trump's 2nd four-year term in workplace,. in which he has promised to raise tariffs on imports from key. trading partners, along with generate tax cuts and looser. guidelines. Bitcoin, the world's most significant cryptocurrency, was trading. just shy of a record $90,000, having gained 30% in the week. since the...

Asian stocks eased while the dollar held at fourmonth highs on Tuesday, though all the enjoyment was centred on bitcoin as it soared to a record peak underpinned by financier bets on properties that are likely to gain from Donald Trump's election win. Investors prepare for Trump's 2nd four-year term in office will bring equities-boosting tax cuts and looser regulations, raising the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the risk of possible tariffs from the new White House administration has put the euro under pressure, with the single currency touching near seven-month lows...

Wall Street traders on Monday kicked off a hectic week by extending last week's stock rally, while oil rates declined and bitcoin raced to a new record high. The Dow Jones Industrial Average rose 0.92%,. to 44,395, the S&P 500 gained 0.20% to 6,007 while the. Nasdaq Composite fell 0.11%, to 19,265. Stocks head towards year-end on a solid footing, with the. benchmark S&P 500 index up about 26% year-to-date as AI. interest and the start of Fed rate cuts support an upbeat. outlook. Donald Trump's success drove (stock) indices to new. all-time records with little caps outperforming greatly and....

Global stock markets cruised towards their finest week since August on Friday, with sentiment in international markets underpinned by Donald Trump's decisive U.S. election victory, while China unveiled measures to support its flagging economy. A day after the U.S. Federal Reserve provided a. quarter-point rate cut, as expected, focus turned back to the. fallout of Tuesday's U.S. election along with headings out of. Beijing. The yuan compromised as China unveiled information of its plans to. promote the world's second-largest economy. U.S. stock futures were primarily flat, while. Europe's STOXX index was a touch lower. Japan's Nikkei. closed 0.3% higher. The...

South Korea and Malaysia signed an agreement on Monday to cooperate in supplying vital minerals from Malaysia's reserves and to improve cooperation in the defence market as the Southeast Asian country seeks to upgrade its air force jets. South Korean President Yoon Suk Yeol and Malaysian Prime Minister Anwar Ibrahim likewise shared their commitment at a summit to conclude an open market arrangement by next year, which would consist of extra locations such as services, investment, and green energy, Yoon's workplace stated. South Korea welcomed ongoing interest from Malaysia as it embarks on a job to change light fighter jets,...

Korea Zinc stated on Wednesday it has actually chosen to withdraw its plan to provide new shares worth $ 1.8 billion after the proposition stimulated an examination by the monetary guard dog and a selloff in its stock. The company stated in a regulative filing it has actually decided not to pursue the share concern in view of continued issues among market financiers and some investors. The relocation marks a setback to Korea Zinc Chairman Yun B. Choi, who was seen backing the share problem strategy to ward off a takeover attempt by rival Young Poong and personal equity firm...

Donald Trump has actually been chosen U.S. president, topping an amazing comeback 4 years after he was voted out of the White Home. Here is what business in Asia have bought the United States, what Trump has stated about them and what possible U.S. service policy changes would mean for Asian companies. SEMICONDUCTORS Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have jointly invested a minimum of $117 billion in the U.S., encouraged by the current U.S. administration's essential initiative aimed at lowering its dependence on Asia for high-end chips. In return, they have gotten or been...

India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees ($ 7.73 billion). in their proposed plant in India in the coming years, sources. said, part of efforts to capitalise on rising steel need in. the world's fastestgrowing significant economy. Last week, JSW Steel and POSCO signed. a contract to establish an integrated steel plant with an initial. capability of 5 million metric lots a year. The plant will be in. the eastern state of Odisha, understood for its iron ore reserves. They did not provide monetary information of the agreement, but. sources knowledgeable about the matter...

South Korea's financial market guard dog stated on Thursday it acknowledged concerns among financiers over a current decision by Korea Zinc to release new shares and was looking into the strategy to identify if it involved any unfair practices. We will hold the business and related securities brokerage accountable if any unfair trade or misbehavior is discovered, Hahm Yong-il, senior deputy governor of the Financial Supervisory Service, told an instruction. Hahm likewise said authorities could require Korea Zinc to send a modified plan for share issuance if there was any major omission impacting investor decisions in the filing sent on...

Shares in Korea Zinc fell as much as 29.9% to their everyday lower limit in Wednesday's trade, after the world's leading zinc refiner announced a strategy to issue brand-new stock worth 2.5 trillion won ($ 1.81. billion). Run by the Choi family, Korea Zinc has actually been in a bitter. fight to manage the $18 billion zinc empire with the. co-founding Chang family, whose conglomerate Young Poong. made an initial joint offer with MBK in September. Korea Zinc said in a regulatory filing its board selected. Wednesday to issue some 3.73 million shares at 670,000 won per. share. This was...

A South Korean court on Monday declined a demand by Young Poong to temporarily block Korea Zinc from proceeding with its tender deal to buy back shares in the company, pressing shares in the world's. greatest zinc refiner to a record high. After the court rejected the injunction, Korea Zinc's biggest. shareholder Young Poong said it would submit a. claim, signalling a prolonged legal battle in between founding. families over control of the metals giant. Young Poong has actually joined with private equity fund MBK Partners. in an effort to get a controlling stake in the refiner. That triggered Korea...

India's steel ministry favours a temporary tax to curb rising steel imports, a senior official with direct understanding of the matter stated, as it seeks to safeguard steelmakers reeling from a rise in more affordable Chinese imports. A temporary protect task would assist suppress Chinese imports, and a procedure to enforce the responsibility would start quickly, stated the official, who asked for privacy as the considerations are not public. India, the world's second-biggest crude steel manufacturer, ended up being a net importer of the alloy in the fiscal year to March 31, 2024, and the pattern has actually continued since...

Korea Zinc on Friday raised the purchase rate and size of its tender deal, magnifying a fight in between its two founding families to manage the world's biggest zinc refiner. Korea Zinc stated it has actually raised the tender rate by 7% to 890,000 won ($ 659) each and increased the variety of shares it strategies to get by 21% to 3,623,075 shares, valuing the tender offer at 3.2 trillion won ($ 2.4 billion). The relocation is the only way to ward off hostile M&A by MBK Partners and Young Poong, Korea Zinc said in a declaration. The offers tops...

Korea Zinc, the world's greatest improved zinc manufacturer, has actually been involved in a. bitter fight among founding families over control of its $12. billion zinc empire. The winner of the battle stands to manage South Korea's. substantial player in a U.S.-led effort to lower heavy reliance. on China for essential metals and products utilized in industries ranging. from building to cars, experts said. Personal equity firm MBK Partners and Young Poong. on Friday raised their offer price for shares in Korea Zinc to. match a counteroffer from competing relative and Bain Capital. WHO ARE THE MAJOR GAMERS? Young Poong...

Shares in Korea Zinc , the world's most significant fine-tuned zinc producer, rose on Friday, the last trading day before a due date to accept a. $ 1.7 billion tender offer from its biggest shareholder Young. Poong and personal equity firm MBK Partners. Run by the Choi family, Korea Zinc has been in a bitter. fight for control of the $12 billion zinc empire with the. co-founding Chang household, whose electronic devices conglomerate Young. Poong made the joint offer with MBK in September. Each side in combination with their most likely supporters holds. about a one-third stake in Korea Zinc,...

The Korea Football Association (KFA) broke its own hiring rules while recruiting nationwide team head coach Hong Myungbo and excoach Juergen Klinsmann, the sports ministry stated on Wednesday. South Korea revived Hong for a 2nd spell in charge of the team in July, ending a five-month wait on a new coach after Klinsmann was sacked in February. Hong managed two World Cup qualifiers in September, consisting of a 0-0 draw with Palestine, during which fans mocked him to reveal annoyance at his appointment. After Hong's employing experienced backlash, Korea's sports ministry began an investigation into the operations of the KFA,...