Market
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Software tantrums shake Asian markets; Korean shares lose nearly 3%
SEOUL, February 05 (AJP) - Asian stocks tracked Wall Street lower early Thursday, as fears over disruption in the software industry from rapid advances in artificial intelligence triggered broad selling. The Nasdaq suffered its worst two-day rout since last April’s “tariff tantrums,” as investors retreated from software stocks following the release of a suite of industry-specific AI tools, including systems capable of reviewing legal contracts developed by Anthro
February 5, 2026
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KOSPI and Samsung Elec tower over Asian bourses
SEOUL, February 04 (AJP) - Korean stocks continued to dominate regional markets on Wednesday, extending their record-setting streak and reinforcing South Korea’s growing influence in Asian equities. Samsung Electronics powered the rally, becoming the first Korean company to surpass 1,000 trillion won ($688 billion) in market capitalization based solely on common shares. The milestone cemented the chipmaking giant’s role as the anchor behind the KOSPI’s push into
February 4, 2026
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Seoul's FX battle costs $4 bn over the last two months
SEOUL, February 04 (AJP) - South Korea has deployed nearly every tool in its policy playbook to defend the won, which authorities say has weakened “excessively” beyond its fundamentals — a view shared even by the U.S. Treasury secretary. Measures have ranged from pressuring public and private institutions to sell dollar holdings to offering tax incentives aimed at drawing capital back home. Yet despite these efforts, the national coffers have paid a heavy price.
February 4, 2026
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UAE push into digital finance signals shift to nation-level blockchain adoption
SEOUL, February 04 (AJP) - The United Arab Emirates is signaling a fundamental shift in the global cryptocurrency market as digital assets enter a "nation-level phase" of adoption, according to Xin Yan, the CEO of blockchain technology company Sign. Yan, whose firm has supported government blockchain initiatives in multiple countries including the UAE, said the transition is marked by a move from experimental pilot programs to systematic execution. This shift is expected
February 4, 2026
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Korean markets enjoy solo record-setting run despite broad Asian retreat
SEOUL, February 04 (AJP) – South Korean bourses on Wednesday remained unfazed by broad Asian retreat following overnight Wall Street fall on concerns over disruption in the software sector. The KOSPI pushed onto new territory of 5,300, up 0.8 percent at 5,331.98 as of 11:00 a.m. and the secondary KOSDAQ also up 0.8 percent at 1,153.36. Shares of Hyundai Motor and Kia rose in early trading as their U.S. units reported record sales results. Hyundai Motor’s U.S. subsi
February 4, 2026
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Greater rights offerings and fewer IPOs amid big-cap-led Korean stock boom
SEOUL, Feb. 04 (AJP) - South Korea’s equity issuance saw a significant jump of approximately 55 percent last year, fueled by large-scale rights offerings. In contrast, new shares issued through initial public offerings (IPOs) contracted, underscoring a deepening funding freeze for small- and medium-sized enterprises (SMEs) and venture firms. According to the Financial Supervisory Service (FSS) on Wednesday, public equity issuance last year totaled 13.71 trillion won ($
February 4, 2026
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KOSPI, Nikkei rebound from 'Warsh Shock,' hit fresh record highs
SEOUL, Feb 03 (AJP) - Asian equity markets staged a decisive rebound Tuesday, shaking off jitters dubbed the “Warsh Shock,” as South Korea’s benchmark KOSPI surged nearly 7 percent to a fresh all-time high and fueling a regionwide rally. The sharp recovery followed gains on Wall Street after U.S. purchasing managers’ index data returned to expansion for the first time in a year, easing concerns about an economic slowdown. Market sentiment also improved as i
February 3, 2026
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Asian markets recover as Warsh shock fades, KOSPI surges above 5,100
SEOUL, February 03 (AJP) -Asian markets recovered Tuesday, led by the Korean market erasing much of the previous session’s steep losses after a brief bout of panic triggered by the nomination of hawkish monetary policy advocate Kevin Warsh as the next U.S. Federal Reserve chair. The benchmark KOSPI surged 4.16 percent to move back above the 5,100 level, after briefly dipping below the 5,000 mark on Monday's slide of 5.26 percent . As of 10 a.m., the index was up 206.07 p
February 3, 2026
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UPDATE: Korea's inflation cools to 2% in January on soft fuel prices, weak demand
*Updated with additional information SEOUL, February 03 (AJP) - South Korea’s inflation eased back to the central bank’s target level in January, as softer fuel prices and subdued domestic demand outweighed lingering pressures from a weak currency. According to the Ministry of Data and Statistics, the consumer price index (CPI) rose 2.0 percent in January from a year earlier, slowing from 2.3 percent in December and 2.4 percent in both October and November.
February 3, 2026
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Trump's Warsh pick triggers panic in Korean markets for strong USD bias
SEOUL, February 02 (AJP) - Korean markets saw panicky selling on Monday following Donald Trump’s nomination of Kevin Warsh as the next chair of the U.S. Federal Reserve, with equities and the won sliding sharply on concerns that his policy framework could reinforce dollar strength and drain global liquidity. Whether Warsh would ultimately comply with Trump’s long-standing calls for lower borrowing costs remains uncertain. Investors, however, moved quickly to price in a
February 2, 2026