Economic news


S,Korea's KOSPI Craters over 8% as Fed Fears Spark Tech Rout

S,Korea's KOSPI Craters over 8% as Fed Fears Spark Tech Rout

South Korea's stock benchmark plunged over 8% on Monday, tripping circuit ​breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy ‌market that had powered the broader AI rally. The KOSPI fell 8.3% to ...


June 8, 2026
Chip Rout Tests Korea's 'Ant' Investors as Debt Soars
Chip Rout Tests Korea's 'Ant' Investors as Debt Soars

Seoul resident Laura Byun has long preferred U.S. mutual funds over Korean shares, ​but the KOSPI's blistering rally changed that and her risk...

INR Slumps as Elevated Crude, Treasury Yields Support USD
INR Slumps as Elevated Crude, Treasury Yields Support USD

The Indian rupee reversed nearly all of the previous session's rally on Monday, pressured by rising oil ​prices, fragile risk appetite and...

Swiss Firms Fear for Economy over 10m Population Cap
Swiss Firms Fear for Economy over 10m Population Cap

Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened to a...

Tencent Seeks $4B via Dollar and Offshore Yuan Bonds
Tencent Seeks $4B via Dollar and Offshore Yuan Bonds

China's Tencent ‌Holdings is aiming to raise $4 billion via an imminent sale of both a U.S. dollar bond and an offshore yuan bond,...

Citi Lifts S&P 500 Year-End Target to 8,100 on AI Boom
Citi Lifts S&P 500 Year-End Target to 8,100 on AI Boom

Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 index beyond ​the 8,000 mark, citing...

Japan Investors Make Biggest Foreign Stock Exit in 5Y in May
Japan Investors Make Biggest Foreign Stock Exit in 5Y in May

Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle ​East hostilities and...

Sterling Muscled Toward Two-Month Lows by Robust Dollar
Sterling Muscled Toward Two-Month Lows by Robust Dollar

The pound neared its lowest level in ​nearly two months on Monday, largely because of the strength of the dollar, which benefitted from mounting...

German Industrial Orders Fell more than Expected in April
German Industrial Orders Fell more than Expected in April

German industrial orders ​fell more than expected in April, following a ‌strong increase in March, when companies brought forward orders amid...

Dollar Scales Two-Month Peak as Fed Hike Bets Ramp Up
Dollar Scales Two-Month Peak as Fed Hike Bets Ramp Up

The dollar traded around its highest in nearly two months on Monday after a blowout ​U.S. jobs report prompted traders to ramp up bets on a Federal...

Gold Extends Losses on US Interest Rate-Hike Fears
Gold Extends Losses on US Interest Rate-Hike Fears

Gold prices extended losses ​on Monday to their lowest point in more than two months, on ‌fears of a U.S. rate hike following a strong jobs...

Tumbling Tech Darlings Slam Brakes on AI Rally
Tumbling Tech Darlings Slam Brakes on AI Rally

Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked ​shares on fears the bull run has gone too far, too fast and...

Intesa Board Backs Buying 3% Generali Stake in MPS Bid
Intesa Board Backs Buying 3% Generali Stake in MPS Bid

Italy's biggest bank Intesa Sanpaolo said on Monday its board had approved buying ​a 3.01% stake in insurer Generali ‌as part of...

China Savers Flock to HK amid Tighter Capital Controls
China Savers Flock to HK amid Tighter Capital Controls

Some savers from mainland China are travelling to Hong Kong and scrambling to explore options to retain their investments in the financial hub,...

Wall St Drops Sharply as Chips Slide, Rate Fears Rise
Wall St Drops Sharply as Chips Slide, Rate Fears Rise

Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since...

Goldman Pushes Fed Rate-Cut Call to 2027 on Jobs Data
Goldman Pushes Fed Rate-Cut Call to 2027 on Jobs Data

Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it ​said on Friday, citing...

UK Firms Pause Hiring as Iran War Stings, REC Survey Shows
UK Firms Pause Hiring as Iran War Stings, REC Survey Shows

Britain's jobs market cooled rapidly in May after employers put the brakes on permanent hiring after the Iran war heightened ​cost pressures...

UK Pay Settlements Hold at 3.5% for Second Month, IDR survey
UK Pay Settlements Hold at 3.5% for Second Month, IDR survey

Pay settlements awarded by British employers held steady in the three months to April ​despite an increase in the country's minimum wage,...

June 5, 2026
Lululemon Stock Falls as Outlook Cut Pressures new CEO
Lululemon Stock Falls as Outlook Cut Pressures new CEO

Lululemon Athletica shares fell about 8% on Friday after the athleisure wear ‌maker cut its annual profit forecast, fanning worries over...

Bitcoin Fades as Investors Shift to AI, Megacap IPOs
Bitcoin Fades as Investors Shift to AI, Megacap IPOs

Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering...

US Job Report Strikes Hawkish Note; Fed's Warsh Takes Baton
US Job Report Strikes Hawkish Note; Fed's Warsh Takes Baton

The blowout U.S. job report released on Friday is likely to further ease concerns among Federal Reserve officials about labor market weakness and...

FTSE 100 Gains as Data Shows Softer US-Iran War Inflation
FTSE 100 Gains as Data Shows Softer US-Iran War Inflation

UK's FTSE 100 rose on Friday, bucking a ​risk-off mood in other global markets, as investors took comfort from data ‌suggesting...

India's GDP Jumps 7.8% in Jan-Mar on Robust farm Activity
India's GDP Jumps 7.8% in Jan-Mar on Robust farm Activity

India's economy grew at an unexpectedly strong 7.8% on-year in the January-March quarter, the government said on Friday, as better farm...

Pound Eyes 3rd Weekly Gain as Steady Oil Calms Fears
Pound Eyes 3rd Weekly Gain as Steady Oil Calms Fears

The pound edged up on Friday, set for a third weekly gain versus the dollar, ahead of major U.S. jobs data, as a steadier oil price ​encouraged...

Stocks Steady as US-Iran Peace Talks Stall, AI Rally Cools
Stocks Steady as US-Iran Peace Talks Stall, AI Rally Cools

Shares wobbled on Friday as ​investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace...

UK Firms Plan Smaller Price Rises than in April, BoE Survey
UK Firms Plan Smaller Price Rises than in April, BoE Survey

British businesses expect to increase prices less quickly in the year ahead ​than they did in April as some of the initial energy price ‌shock...

India Gold Demand Muted as Volatile Prices Deter Buyers
India Gold Demand Muted as Volatile Prices Deter Buyers

Gold demand was subdued in India ​as buyers stayed on the sidelines due to volatile overseas prices, while premiums in China ‌eased...

China, HK Users cannot Access SpaceX Website, IPO Documents
China, HK Users cannot Access SpaceX Website, IPO Documents

SpaceX's website and IPO marketing ​documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step...

Gold Heads for Weekly Loss on Fading Middle East Peace Hopes
Gold Heads for Weekly Loss on Fading Middle East Peace Hopes

Gold edged lower on Friday, and was headed for a weekly ‌loss, as fading hopes of a swift resolution to the Middle East conflict fuelled fears...

China's Dajin Heavy Ends Flat in Hong Kong Debut
China's Dajin Heavy Ends Flat in Hong Kong Debut

Shares of Dajin Heavy Industry , a Chinese maker of wind power equipment, ended ​flat following their Hong Kong debut on Friday after a ‌share...

Apollo Backs Out of $2 bln Takeover Pursuit of UK's Bodycote
Apollo Backs Out of $2 bln Takeover Pursuit of UK's Bodycote

U.S.-based Apollo Global Management ​does not intend to make ‌a firm offer for British thermal processing services company Bodycote, the...

Oil Slips as Oman's Mina al Fahal Operates Normally
Oil Slips as Oman's Mina al Fahal Operates Normally

Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had...

Australia's AirTrunk to Invest $30 Billion in India by 2030
Australia's AirTrunk to Invest $30 Billion in India by 2030

Australia's AirTrunk said on Friday it would invest $30 billion in India within the ​next four years to build out 5 gigawatts ‌of new data...

UK's Raspberry Pi Hikes Profit Forecast after Solid H1
UK's Raspberry Pi Hikes Profit Forecast after Solid H1

Single-board computing company Raspberry ​Pi on Friday raised its ‌full-year 2026 profit forecast, saying strong AI-related demand was...

UK House Prices Drop Unexpectedly on Iran War Impact
UK House Prices Drop Unexpectedly on Iran War Impact

British house prices unexpectedly fell in May, according to data from mortgage lender Halifax on Friday, which ​represented the latest sign of a...

Auto Market Turmoil Takes Toll on German Carmakers, Study
Auto Market Turmoil Takes Toll on German Carmakers, Study

German carmakers lost ground to competitors at the start of ​the year as tariffs, conflict and ‌technological upheaval weighed on sales,...

Dow Hits Record High, S&P 500 Up; Chips Drag Nasdaq
Dow Hits Record High, S&P 500 Up; Chips Drag Nasdaq

Wall Street advanced on Thursday as progress toward ​ending the Iran war buoyed investor sentiment, while disappointing results from...

Slower, but Steady US Job Growth Anticipated in May
Slower, but Steady US Job Growth Anticipated in May

U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable...

Switch in Talks to Raise Funds at $50bn-plus Valuation, The Information
Switch in Talks to Raise Funds at $50bn-plus Valuation, The Information

Data center developer Switch is in talks to raise billions of dollars ​at a valuation of at least $50 billion, ‌The Information reported on...

June 4, 2026
CrowdStrike Shares Drop as 'Mythos' Fails to Cheer
CrowdStrike Shares Drop as 'Mythos' Fails to Cheer

CrowdStrike shares slid 7% on Thursday after the company's quarterly ‌forecasts failed to meet steep investor expectations, even...

US Jobless Claims Hit 4-mo High; Productivity Cut
US Jobless Claims Hit 4-mo High; Productivity Cut

The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four...

Broadcom to Lose $300bn as AI Results Miss Mark
Broadcom to Lose $300bn as AI Results Miss Mark

Broadcom shares slumped more than 14% ​on Thursday, dragging chip peers lower, after the company's results fell short of lofty...

Singapore Airlines in Talks for Major new Jet Order, Sources
Singapore Airlines in Talks for Major new Jet Order, Sources

Singapore Airlines (SIA) is in talks with Airbus and ​Boeing to buy at least 50 of the industry's biggest jets, ‌as it...


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