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Illustration of South Korean stock traders reacting to falling KOSPI index due to inflation and US tech slump.
Imagem gerada por IA

KOSPI opens lower amid inflation woes and US tech slump

Reportado por IA Imagem gerada por IA

South Korean stocks opened lower Tuesday amid growing concerns over inflation and an overnight slump in U.S. tech shares.

The Dax gave up its holiday gains on Friday and closed below the 24,000-point mark. The benchmark index ended the week two percent lower at 23,950 points.

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Tank manufacturer KNDS intends to proceed with its stock market listing on the original schedule and will not wait for a possible stake by the German government. Chief executive Jean-Paul Alary confirmed on Friday that preparations continue.

O Ibovespa registrou alta de 3,24% nesta segunda-feira (23), alcançando 181,9 mil pontos, impulsionado por declarações de Donald Trump sobre negociações entre EUA e Irã. O petróleo Brent caiu 9,6%, para US$ 96,3, e o dólar recuou para R$ 5,23.

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South Korean shares opened sharply lower on March 19 amid attacks on Middle East energy facilities during the US- and Israel-led war against Iran. The US Federal Reserve's decision to keep rates unchanged further dampened sentiment. The KOSPI fell 2.16% in the first 15 minutes.

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