By Nell Mackenzie and Amanda CooperGlobal stocks headed towards their best weekly performance in two months on Friday after a lukewarm U.S. jobs report dampened expectations for an imminent rate hike from the Federal Reserve, which restrained the dollar and gave gold a boost.In Europe, the STOXX 60…
By Nell Mackenzie and Gregor Stuart HunterGlobal stocks extended gains on Friday after a lukewarm U.S. jobs report softened expectations for an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.Europe's broadest index hit a record…
By Adam ClarkGlobal markets were largely recording gains on Friday as technology stocks steadied and investors digested a U.S. jobs report that lessened concerns about the need for interest-rate increases.South Korea's KOSPI — one of the hottest international markets so far this year--rose 5.8%, bo…
By Jules RimmerKospi volatility is at an all-time highReports of Anthropic awarding a major contract to Samsung sparked a major rally in Seoul, after a week of savage price moves.Reports that Anthropic is holding discussions with Samsung Electronics (KR:005930) about a major contract to manufacture…
By Patrick O'DonnellThe world's hottest index was saved again by the world's hottest stock play.The KOSPI index staged a dramatic, V-shaped recovery Friday — after dropping as low as 7,300 in the morning, South Korea's benchmark ended the session up 5.76% to close at 8,088.34.It followed a brutal t…
By Nell Mackenzie and Gregor Stuart HunterGlobal stocks climbed on Friday after a lukewarm U.S. jobs report softened expectations for an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.Europe's broadest index hit a record high on…
“Weak jobs data is lifting stocks, AI is back in vogue, Korea has swung from cliff-edge to melt-up, and gold is thriving on rate relief,” said Patrick Munnelly, market strategy partner at TickMill.“But the payrolls miss is not the clear all-clear that doves want.”Global stock markets were mixed, tr…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, which together make up more than half of market capitalization for South Korea's Kospi, rebounded Friday, helping to lift the benchmark above 8000 again.The Kospi rose 5.8% to close at 8088.34, snapping a two-session losing streak. Instituti…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, which together make up more than half of market capitalization for South Korea's Kospi, rebounded Friday, helping to lift the benchmark above 8000 again.The Kospi rose 5.8% to close at 8088.34, snapping a two-session losing streak. Instituti…
Round-up of South Korean financial markets:** South Korean shares closed higher on Friday, but logged a second weekly loss as a sharp selloff in technology companies earlier in the week weighed on Samsung Electronics and SK Hynix on concerns the AI-driven rally may be losing steam.** The won streng…
STOCKS SHAKE IT OFFGlobal equities are heading for their best week since early May as renewed signs of expansion in Asian activity gauges on Friday helped lift stocks out of their mid-week doldrums.The MSCI All-Country World Index EURONEXT:IACWI is up 1.7% for the week after Purchasing Managers' In…
By Gregor Stuart HunterStocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.After a shaky start, MSCI's b…
Round-up of South Korean financial markets:** South Korean shares rose on Friday but were set to log a second weekly loss after heavy losses in global technology companies earlier in the week pulled Samsung Electronics and SK Hynix lower amid concerns that the AI-driven rally might have peaked.** T…
A look at the day ahead in European and global markets from Gregor Stuart HunterGlobal equities are heading for their best week since early May as renewed signs of expansion in Asian activity gauges on Friday helped lift stocks out of their mid-week doldrums.The MSCI All-Country World Index EURONEX…
By Gregor Stuart HunterStocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.After a shaky start, MSCI's b…
By Ronnie HaruiAsian stocks rose Friday morning as fading prospects for Federal Reserve interest-rate increases outweighed lingering concerns over excessive investment in artificial-intelligence infrastructure.U.S. employers added 57,000 new jobs in June, the Labor Department said Thursday, falling…
The benchmark KOSPI rose more than 1% to around 7,760 on Friday, recovering part of the previous session's losses as bargain hunting lifted heavyweight semiconductor shares.Samsung Electronics and SK hynix rebounded nearly 4% and 2%, respectively, after suffering sharp declines a day earlier, helpi…
By Gregor Stuart HunterStocks made a mixed start to the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve.MSCI's broadest index of Asia-Pacific shares outside Japan (.MISX00000PUS) fluctuated between…
By Rodrigo CamposA gauge of stocks across the world ended little changed on Thursday as declining semiconductor shares were offset by optimism over the future path of interest rate hikes from the U.S. Federal Reserve, while those rate bets weighed on the dollar.Overnight in South Korea, the KOSPI i…
AI and memory-related stocks traded lower Thursday after a sharp selloff in Asian semiconductor shares rattled investors.South Korea's Kospi Index dropped nearly 8%, weighed heavily by steep declines in memory giants SK Hynix (HXSCL) and Samsung Electronics (SSNLF). SK Hynix plunged almost 15%, whi…
