Finance & markets
256 storiesChina's ChiNext and STAR 50 fall more than 3% in October 13 morning trade
China's ChiNext and STAR 50 indices fell more than 3% in morning trading on October 13, with semiconductor and computing-hardware shares among the weakest sectors. The decline followed an October 12 session in which ChiNext closed down 2.61…
*ST Konka A receives Shenzhen exchange decision to terminate its share listing
*ST Konka A (*ST康佳A, 000016.SZ) said on October 16 that it had received a decision from the Shenzhen Stock Exchange to terminate the listing of its shares. The company said its shareholders' meeting had resolved to voluntarily end the listi…
AI-linked stocks sell off worldwide on inflation and debt fears; Wall Street steadies
The S&P 500 fell 1.1 percent on Wednesday, its steepest drop in more than two months, and the AI-linked sell-off spread to Asia, where South Korea's Kospi and Japan's Nikkei fell sharply. On Thursday the S&P 500 and Dow closed higher after …
CoreWeave shares fall about 15.5% as AI borrowing concerns weigh on markets
CoreWeave shares fell about 15.5% in New York on October 14 as investors scrutinised debt-funded AI infrastructure expansion. Its bond prices also dropped, while the chief executive said the company's backlog was sufficient to cover its obl…
South Korean stocks close more than 7% lower after trading halts
South Korea's KOSPI and KOSDAQ closed more than 7% lower on October 15 after intraday falls triggered 20-minute trading halts in both markets. Chosun Ilbo reported closing levels of 5,554.22 for the KOSPI, down 7.57%, and 760.82 for the KOS…
Kospi falls more than 5% as chip stocks slide, triggering trading curb
South Korea’s Kospi fell 5.38% to 6,041.06 at 10:09 a.m. on October 13, Newsis reported. A sell-side sidecar temporarily suspended program sell orders earlier in the morning as Samsung Electronics and SK Hynix shares declined.
China's central bank seeks comment on draft rules for interbank bond issuance
The People's Bank of China released draft Rules for the Administration of Bond Issuance in the Interbank Bond Market for public comment on October 16. The 28-article draft would ban issuers from subscribing to their own bonds, bar underwrit…
*ST Sitong to resume trading on October 20 with delisting risk warning removed
*ST Sitong (603838.SH) said its shares will be suspended for one day on October 19, 2026 and will resume trading on October 20 with the delisting risk warning removed. The stock's short name will change from "*ST Sitong" (*ST四通) to "Sitong …
South Korea and Japan extend $10 billion currency swap for three years
South Korea and Japan agreed on October 15 to extend their $10 billion currency swap for three years, through November 2029. Their finance ministers reached the agreement at a meeting in Bangkok.
Japan and South Korea agree to renew $10 billion currency swap
Japan and South Korea agreed to extend their currency swap arrangement while retaining its $10 billion limit. The agreement was reached at an October 15 meeting between their finance ministers in Bangkok; Japanese reports citing Korean medi…
US 10-year Treasury yield falls to 5.08%, CLS reports
The US 10-year Treasury yield fell to 5.08% on October 15, CLS reported. Its latest brief put the decline at 11 basis points.
Bank of America faces more than $1.2 billion in US compliance penalties
The US Treasury Department announced more than $1.2 billion in penalties against Bank of America over anti-money-laundering and sanctions violations on October 13. The bank said it would record a $1.2 billion charge in its third-quarter res…
IMF links won's gain against yen more to AI boom than interest-rate gap
The IMF said the divergence between the Korean won and Japanese yen may owe more to the AI boom than to interest-rate differences, Chinese outlets reported. Reports citing Xinhua Finance said the won appreciated 11% against the yen between …
South Korea pension chief defends rebalancing delay amid parliamentary dispute
South Korea's National Pension Service chief defended delaying domestic-stock rebalancing at an October 14 parliamentary audit. He said applying the original rules would have required sales of more than 800 billion won a day, while oppositi…
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
Nasdaq closes at record high as AI stocks rally despite rising Treasury yields
US stocks rose on October 5 local time, with the Nasdaq Composite closing at a record high as technology and AI-related shares gained despite rising Treasury yields. Yonhap reported the Dow rose 0.18% to 51,267.90 and the S&P 500 gained 0.6…
Nikkei average recovers 70,000 level for first time in about three months
Tokyo's Nikkei average rose above 70,000 during trading on 5 October, the first time in about three months, as buying concentrated on semiconductor and AI-related shares. Nikkei reported the morning close at 70,037.61, up 1,728.15 points or…
Bank of Korea governor apologizes for insufficient leveraged ETF warnings
Bank of Korea Governor Shin Hyun-song (신현송) apologized on October 12 for failing to give sufficient warnings about single-stock leveraged exchange-traded funds. He told a parliamentary audit that the bank had not fully understood market vol…
KakaoBank launches mobile accounts, cards and remittances for foreign residents
KakaoBank announced mobile banking services for foreign residents of South Korea on October 12, combining account opening, debit cards and international remittances in its existing app. The bank says accounts can be opened in about five min…
KOSPI falls 5.46% as Samsung and SK Hynix shares retreat
South Korea's KOSPI fell 348.89 points, or 5.46%, to close at 6,035.35 on October 13 after dropping below 6,000 during trading. Samsung Electronics fell 7.39% and SK Hynix 10.09%, as outlets linked the sell-off to foreign selling and concer…