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South Korean stocks plunge
July 29th, 2026 - 08:42 GMT
P. Choiaqo

P. Choiaqo

South Korea stocks collapse as investors dump tech

ALBAWABA - The South Korean Stock Market (Kospi) suffered one of the worst plunges in its history after a two-year rally, the culprit is AI and tech investors pulling out. After a two-year rally where tech companies hit record highs; the party came to an end on Wednesday as South Korean stocks plunged historically after a slow blood-letting battered chip firms over the past month, deepening as skittish investors withdrew ...
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The visit by Prince Mohammed follows the highly successful trip of Modi to that country in April 2016. (Shutterstock)
February 19th, 2019 - 07:49 GMT

After Pakistan, Saudi Arabia to Boost Bilateral Ties With India

Gold production is now Sudan’s main source of hard currency after the secession of South Sudan. (Shutterstock)
February 18th, 2019 - 12:11 GMT

Gold Production Reaches 93 Tons in Sudan

Iranian Foreign Minister Mohammad Javad Zarif speaks during the Munich Security Conference in Munich, Germany, Sunday, Feb. 17, 2019. (AFP/ File Photo)
February 18th, 2019 - 10:52 GMT

Iran Demands Europe to Increase Efforts to Save Nuclear Deal

Lebanon’s rating is now on par with countries including Iraq, Gabon and Zambia. (Shutterstock)
February 18th, 2019 - 10:39 GMT

Lebanese Banks Seek Reforms' Implementation to Drop Interest Rates

Links to the EU help Iran have a more diversified trade and foreign policy. (Shutterstock)
February 18th, 2019 - 10:30 GMT

Is INSTEX Just a ‘Political Act’?

A sense of increased optimism and confidence has been noticed among the region’s wealthy in the context of the regional economy. (Shutterstock)
February 18th, 2019 - 09:43 GMT

GCC’s Wealthy Optimistic About Regional Economy

Cairo is the world’s most budget-friendly tourist destination. (Shutterstock)
February 18th, 2019 - 09:11 GMT

Report: Cairo Is World’s Most Budget-Friendly Tourist Destination

UAE citizens will be able to travel to Russia without prior visas. (Shutterstock)
February 18th, 2019 - 09:01 GMT

UAE Nationals Can Now Travel to Russia Without Pre-Entry Visa

The minister announced future plans to turn the New Administrative Capital into the first cashless city. (Shutterstock)
February 18th, 2019 - 08:52 GMT

Egypt’s New Administrative Capital Aims to Be First Cashless City

Germany will help qualify Jordanian products to enter the European market. (Shutterstock)
February 18th, 2019 - 07:56 GMT

Germany to Help Jordan Export Its Products to EU Market

Restaurants and Café topped the list of Kuwaiti professional activities. (Shutterstock)
February 17th, 2019 - 01:07 GMT

Kuwaitis Among Top 10 Nationalities Investing in Dubai's Dining Sector

The Trump administration may be talking tough about reducing Iranian crude exports to “zero” through its imposed sanctions on Tehran. (AFP)
February 17th, 2019 - 12:46 GMT

Will Trump Grant Any Waivers to Sanctions Against Iran?

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