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Tuesday South Korean equities plunged as profit-taking in chip leaders accelerated. Samsung Electronics and SK Hynix fell more than 5%. KOSDAQ and KOSPI triggered circuit breakers, suspending automated trading for five minutes. Foreign investors were

2026-06-23

Tuesday South Korean equities plunged as profit-taking in chip leaders accelerated. Samsung Electronics and SK Hynix fell more than 5%. KOSDAQ and KOSPI triggered circuit breakers, suspending automated trading for five minutes. Foreign investors were net sellers of over 2 trillion won of KOSPI stocks in the morning session (about $1.3bn), while retail investors bought the dip. Huh Seok-geun, CIO at Eugene Asset Management in Seoul, said the sell-off appears driven mainly by profit-taking after recent sharp gains and that high retail leverage and elevated margin balances could amplify declines and increase sensitivity to negative catalysts.

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2026-06-22

Al Jazeera reports Qatari prime minister and foreign minister said the Strait of Hormuz should remain open and navigation should be free.

Al Jazeera reports Qatari prime minister and foreign minister said the Strait of Hormuz should remain open and navigation should be free.
2026-06-22

The British pound rose 20 points against the US dollar (GBP/USD) in the short term, last trading at 1.3236. This followed the announcement by British MP Burnham to run for Prime Minister, and subsequent comments from former British Minister Strawberr

The British pound rose 20 points against the US dollar (GBP/USD) in the short term, last trading at 1.3236. This followed the announcement by British MP Burnham to run for Prime Minister, and subsequent comments from former British Minister Strawberry indicating his support for Burnham's candidacy.
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