In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four monthsIn January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nat...
US stocks today: Nasdaq ends lower with tech slip; investors assess softer jobs dataUS markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose stro...
Chinese and US risks mean EU chip sector faces a 'bleak future'Further vulnerability stems from the EU's dependence on the U.S. for technology, including design software and the possibility the U.S. cou...
Global Market Today: Asian stocks fall on Korean chip selloff, oil dipsAsian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also sur...
Global Market: European shares pause after rally, doubts linger over Iran peace dealEuropean stocks faced a minor setback on Wednesday, taking a brief respite following a strong performance in the second quarter. The invest...
China imposes 'national security' rules on overseas investmentsChina is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a ti...
Global AI wave revs up Asian factories, offsetting war-induced painAsia's manufacturing sector experienced a significant boost in June, driven by robust demand for AI-related technology goods. This surge pr...
Why Trump's tariffs had plenty of bark, but limited biteDonald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates....
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chipsDBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, inf...
No chips, no glory for India's AI companies racing to lock in GPUsRamprakash Ramamoorthy, director of AI research, Zoho, which is running its own data centre, said the compute cost has gone up significantl...
Japan's Nikkei reverses course to end higher as chip-related shares cut lossesJapan's Nikkei index staged a remarkable comeback, closing higher after significant early losses. This reversal was driven by chip-related ...
What challenges lie ahead for the US-Israel-Lebanon agreement?Lebanon and Israel have signed a US-brokered deal to end hostilities, but experts question its effectiveness. Israel insists on Hezbollah's...
US stocks: US market ends lower as tech stocks weigh on sentimentWall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies sur...
Chinese AI, chip firms are driving an onshore IPO reboundChina's tech IPOs are experiencing their strongest year since 2023, driven by Beijing's push for self-reliance in chip and AI sectors amid ...
Global Market Today: Asian stocks jump with US futures on Micron outlookAsian markets surged, mirroring US futures, as Micron Technology's stellar sales forecast reignited AI trade confidence. The chipmaker's sh...
US stocks: Nasdaq, S&P end lower in volatile session as tech stocks retreatTech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airli...
Global Markets | European shares hold flat on US-Iran talks; Rheinmetall slidesEuropean markets saw a flat opening as investors weighed U.S.-Iran talks. Defence giant Rheinmetall plunged on reports of Germany scrapping...