South Korea
Bank of Korea holds emergency meeting after Yoon lifts martial law
Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their […]
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As global defense spending surges, South Korean arms makers look like a clear winner
A newly received Korean K9 Thunder howitzer is pictured ahead a military exercise at the training range in Torun, February 23, 2023. Wojtek Radwanski | Afp | Getty Images South Korea is known for many things. K-pop, K-dramas and Korean food have made their way across the world. Now, a new facet from South Korea […]
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South Korean stocks rocked in U.S. trading as country plunges into political chaos
Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea’s President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from “communist forces” amid parliamentary […]
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South Korean won falls sharply against the U.S. dollar after president declares martial law
A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. Jung Yeon-je | Afp | Getty Images South Korea’s won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared […]
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Asia-Pacific markets trade higher, tracking Wall Street gains after key benchmarks hit new records
The Seoul city skyline early on December 16, 2020. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images) Ed Jones | Afp | Getty Images Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records. Australia’s S&P/ASX 200 […]
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Latest US strike on China’s chips hits semiconductor toolmakers
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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China plans to restrict exports of a critical metal. But the market isn’t that worried
Key Points China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. Tungsten is an extremely hard metal used in weapons and semiconductors. The U.S. has not commercially mined tungsten since 2015, according to official records. But this year, one of the world’s […]
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CNBC Daily Open: U.S. inflation edged up but investors have things to be thankful for
Whole turkeys for the upcoming Thanksgiving Holiday are shown for sale in a grocery store in Encinitas, California, U.S., November, 24, 2024. Mike Blake | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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Japan is ramping up efforts to revive its once dominant chip industry
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Japan has announced a new plan to revitalize the country’s semiconductor and artificial intelligence industries as it works to regain its chip leadership. The proposal […]
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