Stock market
KOSPI drops over 5 percent triggering sidecar
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South Korea's benchmark KOSPI index tumbled more than 5 percent on July 2 after heavy selling in semiconductor shares, prompting the Korea Exchange to activate a sell-side sidecar.
The Ibovespa ended Monday's session, the 29th, nearly unchanged with a 0.05% drop to 173,205.35 points in a session marked by reduced volume due to the Brazilian national team match.
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The Bayer group secured an important victory before the US Supreme Court on Thursday. The ruling strengthens the company's position in the glyphosate legal dispute.
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.
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South Korean stocks extended gains for a fourth session on May 8, closing at a fresh record high of 7,498 despite renewed tensions in the Middle East. President Donald Trump said the ceasefire remained in effect after U.S. and Iranian forces exchanged fire overnight.
Seoul shares opened higher on Tuesday, propelled by Samsung Electronics' record first-quarter earnings. The benchmark KOSPI rose 2.47 percent to 5,584.76 in the first 15 minutes of trading. Strong demand for AI-related chips drove the profit surge.
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Grifols' board has approved preparing a public offering (OPV) of a minority stake in its US Biopharma business to reduce debt and fund growth. The company will retain majority control and continue listing in Spain. Its ADRs surged up to 13% in after-hours trading.
Seoul shares open sharply lower on US tech slide, Iran tensions
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