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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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Dubai’s futuristic vision is shared globally. (Shutterstock)
January 8th, 2019 - 12:01 GMT

Dubai Aims at Becoming the World's First Smart City

Based on the report, Iran ranks first in the Middle-East region in nanoscience and nanotechnology. (Shutterstock)
January 8th, 2019 - 11:50 GMT

Report: Iran Ranks First in Middle East in Nanotechnology

The airline said this decision has been taken after a careful review of customer feedback and operational considerations. (File/Photo)
January 8th, 2019 - 09:44 GMT

Emirates Cancels the Chauffeur Service for These Passengers

The Minister of Commerce announced 35,000 jobs for Saudis around the Kingdom. (Shutterstock)
January 8th, 2019 - 09:34 GMT

Saudization Continues, 35,000 Jobs Announced for Saudis Only

Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 8th, 2019 - 09:15 GMT

Uncertainty Dominates the Oil, Equity Market Despite the Positive Momentum

Market likely to hit the bottom in a few months and pick up before Expo 2020. (Shutterstock)
January 8th, 2019 - 09:06 GMT

Dubai Real Estate Prices to Drop Down by 10 Percent

The phased growth plan will triple the scale of the financial hub. (Shutterstock)
January 8th, 2019 - 09:02 GMT

DIFC 2.0: Major Contributor to Shaping the Future of the World's Economy

The country is unlikely to make its debt sustainable through fiscal adjustment because that would require a sharp decline in interest rates or substantial economic growth. (Shutterstock)
January 8th, 2019 - 08:51 GMT

Would Restructuring the Debt Help Lebanon Avoid a Financial Crisis?

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term's expiration at the end of 2021, reports CNN. (Shutterstock)
January 8th, 2019 - 08:08 GMT

World Bank President Resigns to Join Private Firm

Many were forced to cut their prices by 15-20 percent to attract buyers, yet even that did little to improve the property market. (Shutterstock)
January 8th, 2019 - 08:01 GMT

Report: Real Estate Sales in Lebanon Plummets in 2018

The case has rattled Nissan's alliance with French automaker Renault SA, where Ghosn still remains chairman and chief executive. (AFP)
January 8th, 2019 - 07:49 GMT

Nissan Ex-Chair Ghosn Claims Innocence in First Court Appearance

Revenues jumped from $74.5 billion in 2013 to $177.9 bill ion last year and are projected to reach $232.3 billion in 2018. (Shutterstock)
January 8th, 2019 - 07:38 GMT

Amazon Becomes the World's Biggest Publicly-Traded Company

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