Seoul, June 26 (IANS) South Korean stocks tumbled nearly 6 per cent on Friday as investors locked in profits after recent rallies driven by stocks related to artificial intelligence (AI). The Korean won gained against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 519.09 points, or 5.81 percent, to close at 8,411.21, after falling as low as 8,126.84, reports Yonhap news agency.The market rout came after the KOSPI rallied by 5.42 percent gain on Thursday and racked up …
Latest South Korean News & Updates
New Delhi, May 26 (IANS) Hyundai Motor America — the US unit of South Korean automaker firm — has recalled more than 421,000 vehicles over a software defect that could trigger sudden and unexpected braking, increasing the risk of rear-end collisions, according to multiple reports.Reports — citing the National Highway Traffic Safety Administration (NHTSA) — said the recall affects certain 2025 and 2026 model-year variants of the Hyundai Tucson, Hyundai Tucson Hybrid, Hyundai Tucson Plug-In Hy…
London, May 5 (IANS) The International Maritime Organisation (IMO) has said that vessels operating near the Strait of Hormuz should continue to exercise “maximum caution”, following reports of a US operation to “guide” stranded ships out of the area.In a written response to Xinhua news agency, an IMO spokesperson on Monday said: “We are aware of the reports but do not have further details. We continue to urge ships to practice maximum caution in the area.”US President Donald Trump said on Sunday…
New York, May 5 (IANS) The conflict between Iran and the US was on the brink of reigniting as Washington’s ‘Project Freedom’ to free ships stranded in the Strait of Hormuz set off attacks by both sides, with Tehran also striking neighbours. US Central Command (CENTCOM) Chief, Admiral Brad Cooper, said on Monday that Iran sent a barrage of cruise missiles and drones at ships in the Strait and the US Navy retaliated shooting them down.He added that six Iranian speedboats that threatened ships were…