Apple memory chip warning causes fresh Asia tech sell-off Markets Markets across Asia fell sharply during Friday trading after US tech giant Apple blamed memory chip shortages on its decision to hike product prices. South Korea’s blue-chip Kospi suffered the biggest losses, forcing the stock exchange to trigger a 20 minute trading halt for the third time this week. It also marked the fifth trading [...]
Asian markets sink again as tech sell-off reignites on Wall Street Markets Asian markets have plunged into the red during Wednesday trading, as the widespread tech sell-off reignited once more on Wall Street. Chipmakers and companies tied to the AI investment boom dragged US stocks down on Tuesday, as last week’s tech jitters came back to plague the market just days before SpaceX’s anticipated listing. The Nasdaq [...]
Podcast: Nvidia chief dismisses tech sell-off, Brewdog founder promises comeback, Hamilton calls for no more billionaires Podcast In today’s episode of City AM’s Business As Usual podcast, we get stuck in the top stories of the day – from a catastrophic start to the week in the Asian markets to the ex-reality TV star making a killing off non-alcoholic spirits. City Editor Simon Hunt gives his round up on the major business [...]
Does trouble lie ahead for South Korea’s star tech stocks? June 8, 2026 Over the past 18 months, South Korea’s main stock market has burst back onto the global investment scene, led by a staggering recovery for the Kospi index. The country’s blue chip index had been plagued by the impeachment of President Yoon Suk Yeol and companies trading at significantly lower valuations compared to emerging market peers [...]
Nvidia chief brushes off tech sell-off as a buying opportunity June 8, 2026 Nvidia chief executive Jensen Huang brushed off a significant market wobble stoked by growing concerns surrounding AI, hailing the widespread sell-off as a buying opportunity for investors in a technology which is just “beginning”. Huang’s intervention came as Asian markets tumbled during Monday trading, following the Nasdaq’s 4.2 per cent plunge on Friday – its [...]
Kospi breaks 7,000 mark as Samsung becomes trillion-dollar company May 6, 2026 South Korea’s bluechip index soared to record highs during Wednesday trading, after a rally in semiconductor stocks propelled it past the 7,000 mark. The index surged 6.4 per cent to 7,384.5 points after strong gains from heavyweights Samsung Electronics and SK Hynix. Samsung Electronics rocketed 14.4 per cent to 266,000 KRW (£134.7), with its performance [...]
Kospi nears record 7,000 as Samsung family pay off huge inheritance tax bill May 4, 2026 South Korea’s Kospi breached the 6,900 mark for the first time on Monday, after a record rally in semiconductor stocks and the family behind tech giant Samsung paid off its inheritance tax bill. The index surged 5.1 per cent during Monday trading, closing 6,936.9 points, creeping closer to breaking the 7,000 mark after rallies by [...]
How is Vietnam outperforming the FTSE 100? April 23, 2026 The UK’s blue chip stock market index has been outpaced in 2026 by rival benchmarks tracking alternatives in emerging markets, creating some eye-catching comparisons over the returns generated in the year to date. For London and the FTSE 100, it amounts to a change in fortunes. It gained roughly 22 per cent for 2025, in [...]
Wall Street scales to record highs as investors bet the end of the Iran war is in sight April 16, 2026 Wall Street surged to fresh record highs on Wednesday amid growing optimism among investors and traders that the end of the US-Iran war is near as both nations gear up to return to the negotiating table. The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8 per cent over [...]
Trump turmoil in Asia sends chills through Seoul while China keeps its cool April 6, 2026 The war in the Middle East has sent shockwaves through global markets, stoking volatility across exchanges and asset classes everywhere. But one region, Asia, has been particularly exposed, due to its position at the forefront of the daily trading cycle. As the latest on-the-ground headlines line up alongside President Donald Trump’s erratic social media posts [...]