Topic
economic news
Business South Korea's Kospi Plunges 10% from Record High as Chip Stocks Tumble, Triggering Trading Halt
South Korea's benchmark Kospi plunged 10% on Tuesday, erasing record highs set a day earlier, as a sell-off in chip stocks triggered a trading halt. Heavyweight Samsung Electronics and SK Hynix each fell over 12%, while foreign investors offloaded more than $2.6 billion in shares. Despite the sharp decline, the Kospi remains up 94.67% year-to-date.
Business Tech Stocks Tumble Amid AI Concerns, Oil Prices Pressure Markets
Tech stocks faced a significant downturn as concerns over AI disruptions grew, while rising oil prices added pressure to Dalal Street. The BSE Sensex fell by over 1,100 points during the session, recovering slightly to close 304 points down.
Business India Falls to Seventh in Global Market Cap Rankings
India has slipped to the seventh position in global market capitalization rankings, overtaken by South Korea. This decline is attributed to foreign fund outflows and muted corporate earnings.
Business Kings Infra Ventures Sees 24% PAT Surge to ₹16.36 Cr in Q4
Kings Infra Ventures Limited, a Kerala-based aquaculture firm, reported a 24.41% increase in PAT to ₹16.36 crore for FY26. Revenue rose 30.13% to ₹162.15 crore, with Q4 net revenue up 44.77%. The company anticipates growth from an upcoming India-EU Free Trade Agreement.