News
Kospi Falls Over 2% as Chip Profit-Taking Hits; Kosdaq Rebounds on Rotation; Won Hovers Near 1, 550 " Big Go Finance
7+ hour, 30+ min ago (784+ words) South Korean markets diverged sharply on the first trading day of July, with the Kospi sliding more than 2% as investors locked in profits on large-cap semiconductor stocks, while the Kosdaq rebounded 1. 4% in a clear sign of sector rotation gaining momentum....
Taiwan Labor Funds Rake in NT$2. 1 Trillion in First Five Months; New Labor Pension Notional Profit Per Worker Tops Six Figures for First Time at NT$112, 600 " Big Go Finance
6+ hour, 20+ min ago (761+ words) Taiwan's Bureau of Labor Funds reported performance for the first five months of the year, with total labor funds posting massive gains of NT$2. 1 trillion and a return rate of 27. 7%. The New Labor Pension Fund recorded a notional gain of…...
KKR-Backed Musinsa Targets 100 China Stores, Eyes Nasdaq IPO in Global Expansion Blitz " Big Go Finance
4+ hour, 41+ min ago (495+ words) South Korean fashion powerhouse Musinsa Co. , backed by private equity giant KKR & Co. (KKR), is embarking on an aggressive brick-and-mortar blitz across Asia, aiming to plant 100 stores in China by 2030 and establish flagship locations in Japan as it builds momentum…...
BOE's Bailey Rules Out Rate Cuts Even as Oil Prices Retreat to Pre-Iran War Levels " Big Go Finance
6+ hour, 20+ min ago (332+ words) Bank of England Governor Andrew Bailey made clear on Tuesday that the UK central bank is in no position to consider cutting interest rates, even as crude oil prices have fallen back near levels seen before the Iran conflict. He…...
Treasury Secretary Bessent's Aide Moves to Fed Advisory Role, Markets Scrutinize Central Bank Independence " Big Go Finance
36+ min ago (348+ words) The Federal Reserve Chair Kevin Warsh is recruiting a key staffer from the U. S. Treasury Department, a rare personnel move that has drawn heightened market scrutiny. Investors are now closely examining whether the boundary between the central bank and the Trump…...
BOJ Tankan Shows Major Improvement for Large Manufacturers on AI Demand; Price Pass-Through Gains Momentum, Supporting Case for Additional Rate Hike " Big Go Finance
10+ hour, 19+ min ago (226+ words) However, the outlook for business sentiment three months ahead deteriorated, highlighting the reality that Middle East risks and rising prices are weighing on corporate sentiment. The distance between the BOJ and the administration of Prime Minister Sanae Takaichi, which has…...
Shinhan Financial Eyes Lotte Non-Life Acquisition to Complete Non-Banking Portfolio " Big Go Finance
5+ hour, 7+ min ago (794+ words) Shinhan Financial Group is pursuing the acquisition of Lotte Non-Life Insurance as a key strategy to reclaim its position as South Korea's leading financial holding company. The move aims to strengthen its non-life insurance segment'widely viewed as the group's weakest…...
South Korea Exports Surge 71% in June as AI Propels Chip Shipments Past $44 Billion " Big Go Finance
2+ hour, 50+ min ago (516+ words) South Korea's export machine is firing on all cylinders, posting its fastest growth in nearly half a century as the global race to build artificial intelligence infrastructure drives insatiable demand for memory chips. The country smashed through the $100 billion monthly…...
'Sam Nick' 2x ETFs Suck in $5. 3 Billion, But Fail to Defend the Won " Only Amplifying Volatility " Big Go Finance
10+ hour, 8+ min ago (591+ words) Single-stock 2x leveraged ETFs for Samsung Electronics and SK hynix have absorbed 8. 2 trillion won from retail investors just one month after launch, becoming a new epicenter of market volatility. South Korea's financial authorities rushed to introduce these products under the pretext…...
Fed Chair Warsh Defends Independence as White House Economic Adviser Alleges Politically Motivated Decisions " Big Go Finance
13+ hour, 19+ min ago (196+ words) Warsh also noted that inflation expectations and inflation risks have moderated in recent weeks, with the labor market remaining stable and the supply side still resilient. Market data shows that surveys measuring public and financial market views on future inflation,…...