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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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A good hedge is finding an asset where correlations to other asset classes decreases during recessions. (Shutterstock)
February 13th, 2019 - 09:03 GMT

Is Gold a Safe Hedge During Recession?

U.S. negotiators are currently in China for a week of talks ahead of the deadline at which point the U.S. would ramp up to 25 percent its tariffs on $200 billion of Chinese imports. (Shutterstock)
February 13th, 2019 - 08:45 GMT

Trade War Update: Trump Willing to Extend China Trade Deadline

The danger is not just about knowing the technology that is growing at breakneck speed, but how you empower half of the workforce that will be displaced. (Shutterstock)
February 13th, 2019 - 08:17 GMT

OECD at WGS: Fourth Industrial Revolution, Exciting yet Carries Downsides

Boeing projects the Middle East will require $745 billion in aviation services through 2037 to keep pace with growing passenger and freight traffic in the region. (Shutterstock)
February 12th, 2019 - 01:30 GMT

Middle East Aviation Market Requires $745 Billion to Keep Pace With Growing Traffic

The UK has eyed the energy-rich region as key target for exports. (Shutterstock)
February 12th, 2019 - 01:23 GMT

UAE Shatters UK’s Hopes of Quick Free Trade Deal Post-Brexit

Bahrain’s largest businesses are now largely registered for VAT. (Shutterstock)
February 12th, 2019 - 01:03 GMT

Business Leaders Shed Lights on VAT Challenges in Bahrain

Three MoUs will be signed in the fields of oil refining, liquefied natural gas (LNG) and mineral development. (Shutterstock)
February 12th, 2019 - 12:43 GMT

Saudi Arabia, Pakistan Mull Signing Over $10 Billion Investment Agreements

According to CPI, the UAE is the least corrupt Arab country. (File/Photo)
February 12th, 2019 - 12:16 GMT

Video: The Ten Least Corrupt Arab Countries in The World

The government’s bid to have the value added tax (VAT) law passed by the parliament will not be the only option to resolve the state budget deficit (Shutterstock)
February 12th, 2019 - 11:52 GMT

Kuwait Determined to Pass VAT Bill Before June

Al Tayer said that the UAE has committed all its resources to cope with the technological and industrial breakthrough. (RTA)
February 12th, 2019 - 10:25 GMT

Dubai to Implement New Traffic System Powered by AI in 2020

Globally, women only account for 23% of the public sector workforce. (Shutterstock)
February 12th, 2019 - 10:21 GMT

World Government Summit Discusses Ways of Increasing Women's Participation in Public Sector

The number of residential and commercial units is more than the number of people in need of such units.(Shutterstock)
February 12th, 2019 - 10:16 GMT

Rents in Oman Plummet by 60 Percent

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