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Market move● Neutral for Indian equities
South Korea’s AI-supercharged stock market is world’s worst in third quarter
The brief
- Kospi tumbled almost a fifth in three months to September
- The index is still up 60% this year
- Global Market: Japan’s Nikkei rises as AI stocks track US chip gains
- China’s Two-Speed Economy Spurs Yawning Gap Between Stocks, Yuan
- Samsung, SK Hynix almost done with buybacks that boosted Kospi
- Asian Currencies Consolidate But May Be Aided by Reduced Fed Rate-Hike Bets
- Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade higher
South Korean stocks and buyback support
South Korean stocks face an early end to $40 billion in buyback support as the market struggles to rise decisively. The Kospi fell almost a fifth in the three months to September, making it the world’s worst-performing market in the third quarter, though it remains up 60% this year.
Wednesday, 30 September
- South Korea’s AI-supercharged stock market is world’s worst in third quarter