Financial markets
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KOSPI opens lower amid inflation woes and US tech slump
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South Korean stocks opened lower Tuesday amid growing concerns over inflation and an overnight slump in U.S. tech shares.
Corporate direct financing in South Korea rose 13.2 percent in April from the previous month to 22.62 trillion won, driven by higher bond sales.
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Global financial markets reacted on Monday to renewed surges in oil prices and geopolitical tensions in the Middle East, continuing the economic ripple effects first seen after the Iran conflict and Hormuz blockade earlier this year.
May 08, 2026 13:06