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Seoul's Kospi index briefly tops 6,700 points on trading floor screens amid excitement ahead of US big tech earnings.
Image générée par IA

Kospi briefly tops 6,700 ahead of US big tech earnings

Rapporté par l'IA Image générée par IA

Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.

South Korea will begin distributing a second round of cash assistance next week to about 36 million people in the bottom 70 percent of income earners. The move seeks to ease financial strains from rising fuel prices amid the war in the Middle East, following an initial April rollout to the most vulnerable groups.

Rapporté par l'IA

Finance Minister Koo Yun-cheol said Friday that South Korea's economy continues to maintain solid fundamentals despite the Middle East crisis. He pledged the government will keep an emergency posture until uncertainties subside.

Face à une crise de l'approvisionnement en carburant, le ministère de l'Énergie (DOE) a autorisé l'importation et l'utilisation temporaires de produits pétroliers Euro 2, dont les émissions sont plus élevées que la norme Euro 4. Cette mesure est limitée aux véhicules de 2015 ou plus anciens, aux jeepneys traditionnels, aux centrales électriques, aux générateurs et au secteur maritime. Le président Marcos est en discussion avec plusieurs pays pour trouver d'autres sources d'approvisionnement en pétrole.

Rapporté par l'IA

President Lee Jae-myung on Friday called for close monitoring of local gas stations to ensure compliance with a fuel price cap, implemented to curb fluctuating costs from international uncertainty and ease consumer burdens. The government enacted the ceiling at midnight. This marks the first such measure since 1997.

South Korean stocks pared early losses to close nearly unchanged on Friday amid the ongoing Middle East crisis stemming from the Iran conflict. The KOSPI index ended at 5,584.87, up 0.02 percent, while the won weakened against the U.S. dollar. Autos and defense shares led the gains.

Rapporté par l'IA

Former South Korean President Moon Jae-in called for minimizing the use of force and pursuing diplomatic solutions in the U.S.-Iran conflict during his visit to Los Angeles. He warned that military actions in the Middle East lead to cycles of hatred and revenge. This is his first overseas trip since leaving office.

 

 

 

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