Financial markets
Seoul shares open sharply lower on US tech slide, Iran tensions
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South Korean stocks opened sharply lower on June 11, tracking an overnight tech slump on Wall Street and escalating tensions between the United States and Iran.
The DAX ended trading on Monday up 0.6 percent at 25,140 points. The move followed news of an understanding between the US and Iran on further negotiations.
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Milan-based bank UniCredit has increased its stake in Commerzbank to 39.28 percent. Shareholders tendered 12.51 percent of shares under a takeover offer.
A recent report reveals that many South African investors have suffered financial losses due to emotional reactions to market fluctuations, termed a 'behaviour tax'. The Momentum Investments’ Sci-Fi Report 2025 highlights how such decisions led to missed opportunities in a recovering market. Experts advise a simple pause before making changes to protect long-term returns.
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Financial markets shrug off the US military intervention in Venezuela and the capture of Nicolás Maduro, as the Ibex 35 surpasses 17,600 points. European and US stock indices rise moderately, while oil prices climb 1%. Investors choose caution amid geopolitical risks.