Finance & markets, Technology
151 storiesNew York stocks close higher; S&P 500 and Nasdaq hit record highs
New York's main stock indices closed higher, with Kukmin Ilbo reporting SpaceX up 7.62% and Asia Economy noting the rise came even as the 10-year US Treasury yield renewed a high. In the following US session, Chosun Ilbo reported the S&P 50…
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…
Apple and LG co-develop smart home devices including doorbell, lock and thermostat
Bloomberg reports that Apple and LG have co-developed a line of smart home devices, including a video doorbell, thermostat, smart deadbolt lock, indoor and outdoor security cameras and a floodlight camera. The products are expected to carry…
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…
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…
AMD CEO Lisa Su to visit Korea Oct. 7 for Gamer Day; AI chip talks expected
AMD chair and CEO Lisa Su will visit Korea on Oct. 7, about seven months after her March trip, to attend an “AMD Gamer Day” event at 2 p.m. at Dragon City in Yongsan-gu, Seoul, AMD said. Su and senior vice president Jack Huynh will attend, …
Nvidia sets second straight record close; Korean AI supply chain shares rally
Nvidia closed 2.1% higher at $238.90 on October 5 in New York, a second consecutive record close, lifting its market capitalisation to about $5.76 trillion and putting the first $6 trillion valuation within reach. Korean outlets also report…
Samsung to launch Galaxy Tab S12 series and SmartTag3 in Korea on Oct 7
Samsung Electronics said it will launch the Galaxy Tab S12 series tablets and the Galaxy SmartTag3 tracking device in Korea on Oct 7. The tablets offer up to 23 hours of video playback, run large-screen Galaxy AI features and are the first …
Musk regains trillionaire status as SpaceX shares jump 7.63%
SpaceX shares closed 7.63% higher at $171.09 on Oct. 5, their highest level in about three months, after Morgan Stanley set a $300 target price. Forbes put Elon Musk's net worth at $1.046 trillion (about 1,400 trillion won), returning him t…
US stocks close higher; Nasdaq sets record close with 1.05% gain
On Oct 5 local time, the three main US stock indices closed higher, with the Nasdaq up 1.05% to a record close, the Dow up 0.18% and the S&P 500 up 0.67%. Large technology shares rose broadly, and cryptocurrencies, oil and gas and pharmaceu…
New York comptroller projects Wall Street profits above $90bn, record bonuses
New York State Comptroller Thomas DiNapoli estimated the state's securities industry will earn more than $90 billion (about 120 trillion won) this year, up from $65.1 billion last year, and that Wall Street bonuses will rise again to a reco…
Bank of Russia raises official dollar rate to 84.93 rubles for October 6
The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3, with the euro rising 1.01 rubles to 95.33 rubles and the yuan up 0.22 rubles to 12.65 rubles. RBC reported the rub…
Dollar tops 86 rubles on forex as central bank currency buying rises
The dollar rose above 85 rubles in Moscow trading on October 5, TASS and Kommersant reported, with Kommersant putting the Forex rate at 85.0001 rubles at 13:17 Moscow time, up 1.44%. Kommersant later said the over-the-counter rate reached 8…
NY Dow closes up 253 points at 51,521, its fourth straight gain
The New York Dow Jones Industrial Average rose 253 points to close at 51,521, its fourth consecutive gain, Japanese outlets reported. Coverage attributed the advance to a pause in the rise of US long-term interest rates, with consumer-relat…
Japan raises 10-year government bond coupon rate to 3.1%, a 30-year high
Japan's Ministry of Finance set the coupon rate on newly issued 10-year government bonds at 3.1%, up from 2.7% for the July-September period, the highest level since August 1996, according to Nikkei, Asahi Shimbun, Sankei Shimbun and other …
MTS builds geopositioning network for Yandex autonomous transport on four highways
MTS has built a high-precision geopositioning infrastructure for managing Yandex’s autonomous transport, TASS and CNews reported, launched on the M-11 “Neva”, M4 “Don”, M-12 “Vostok” and Central Ring Road highways and in Moscow, St Petersbu…
T-Technologies units receive licences to work on Russia's crypto market
Companies belonging to the T-Technologies group have received licences to work on Russia's cryptocurrency market, the group's press service said, according to Interfax. The Atomize platform was added to the register of digital depositaries …
Second National Growth Fund round sells 316.2 bln won in four days, 52.7% of target
The second round of South Korea's state-backed National Participation National Growth Fund sold 316.2 billion won in its first four days, 52.7% of its 600 billion won target, the Financial Services Commission said. The remaining 283.43 bill…
Nasdaq hits intraday record high, approaching 27,400 points
The Nasdaq Composite set a new intraday record on 5 October, at one point approaching 27,400 points, according to CLS, Yicai and Jiemian. CLS and Jiemian said SpaceX rose more than 5%, Meta gained over 2%, Tesla and Microsoft rose nearly 2%…
Bank of Russia publishes digital depository register including Sberbank, VTB
The Bank of Russia has published a register of digital depositories that includes Sberbank and VTB, and VTB was also entered in the register of organisations conducting digital currency exchange. VTB said it expects to open crypto trading t…