South Korean stocks tumble nearly 6 percent on profit-taking after AI rallies
Reported by AI Image generated by AI
The KOSPI fell 5.81 percent on June 26 as investors took profits following recent AI-driven gains, closing at 8,411.21.
Weekly roundup Jun 24
- United States and Iran sign interim agreement to lift oil sanctions.
- Federal Reserve keeps benchmark interest rate unchanged under new leadership.
- Strategy's STRC preferred stock hits record low after common share sales.
- South Korea's KOSPI benchmark index falls nearly 10 percent on June 23.
- Ethereum Foundation announces staff reductions and executive resignation.
Indian markets are set for a weak opening as Gift Nifty dropped more than 150 points. The decline follows sharp falls in artificial intelligence and semiconductor stocks across Asia. Mixed cues from Wall Street also weighed on sentiment.
Reported by AI
India's FMCG sector has posted a subdued performance in 2026, with the index down 10 percent year to date. Several leading companies have recorded double-digit declines amid geopolitical tensions and inflation.
Hong Kong is proposing an IPO Connect scheme to deepen ties with mainland markets and attract more liquidity. The idea was discussed at the recent Lujiazui Forum.
Reported by AI
Banco W projects granting over $100 billion in microcredits to Mipymes in Colombia during the 2026 World Cup.
Indian stock markets closed slightly higher on Thursday, extending gains for a third consecutive week as crude oil prices eased.
Reported by AI
Banco de Bogotá has enabled four collection solutions with interoperable QR codes through Bre-B. Colombian companies will be able to receive immediate payments from any financial entity and automate reconciliation.
CMF cancels registrations of 20 financial providers including Tren de Aragua-linked fintech
June 26, 2026 13:51Wall Street ends lower as tech stocks weigh on sentiment
June 26, 2026 12:21PPRA reminds procuring entities to pay Capacity Building Levy by June 30
June 26, 2026 11:54German 2027 federal budget agreed after savings deal
June 26, 2026 07:43Siemens Healthineers sees easing foreign exchange headwind in Q3
June 25, 2026 18:53Hybrid SIFs attract wealthy investors with tax benefits
June 25, 2026 17:13Federal and state governments agree on financial reform for municipalities
June 25, 2026 16:14Indian stock markets close for Muharram holiday
June 25, 2026 15:29Seoul shares open lower on US tech losses
June 25, 2026 14:19HKEX to debut Tech 100 Index ETF on Friday