Tag Archives: kospi

Secret calls and code names: The risky business of sending money to N Korea North Korean defectors to the South have been relying on „brokers“ to send money home to their families. With no legal way to transfer funds to North Korea, these middlemen operate at huge personal risk. Secret calls using smuggled Chinese phones are made at remote locations. Code names are used. „It is like a spy movie and people are putting their lives...

Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent. As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7%...

The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.The coronavirus pandemic continues to hit the global markets and the number of infected cases is on a steep rise. The U.S. Stock futures plunged in the early morning on Monday as Wall Street awaits an economic stimulus from the Trump government.Today, early morning 6 am, the...

On account of the coronavirus outbreak, China’s manufacturing output has plunged to record lows in February as several factories were shut down. Central banks across the globe are willing to take corrective measures to ensure financial stability.The Chinese economic outlook is turning from bad to worse over the rising number of infected coronavirus cases, the Chinese stocks fell drastically. Last month, the Chinese government asked all companies and manufacturing units to shut down their...

After a massive bloodbath last week, the markets are showing signs of recovery as indexes turn positive. Dow Futures are surging. But China’s manufacturing Index for February has scored below market expectations.Last week, the rising cases of coronavirus globally pushed the traditional stock markets in a bloodbath. All indices – Dow Jones, S&P 500, and Nasdaq – corrected around 10%. This was the fastest correction witnessed by the market since the global economic recession of...

The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.The coronavirus is still a major problem not just health-wise, but for financial markets as well. All of the uncertainty, fear and doubt stemming from the outbreak which started last year, has caused very visible effects on the world’s stock markets. Yesterday, stocks crashed badly, signifying the market’s worst plunge in 2 years. Now, a rise can be observed as the...

Global markets across Europe and Asia have plunged severely on Monday as South Korea and Italy report several new affected cases of the coronavirus on Sunday. Analysts request investors to maintain caution at this stage.At press time, the Dow Jones Industrial Average Futures lost over 400 points to 28,540 levels. At the Monday opening, the stock futures are having a massive bloodbath on Wall Street as the coronavirus cases outside China surge significantly.As the possibility of the global...

The noise around coronavirus is growing. Stocks in Asia are falling due to this situation and there are no signs of improvements.South Korea’s coronavirus alert level has been raised to its highest levels, it has led to a new drop of stocks in Asia. Sources report that this action occurred as 161 new cases have been reported. Seven deaths have been reported so far.Markets in Japan haven’t reported any data due to holiday closures on Monday. The Korean currency won fell to 1,219.22 per dollar....

The coronavirus outbreak seems to be getting worse instead of getting better and the Asian markets have crashed in response to a 45% surge in confirmed cases.For a few days now, the general atmosphere about the state of the coronavirus outbreak in China has been somewhat optimistic. This is because it was generally thought that the epidemic was slowly starting to resolve and might soon peak. However, a new development shows that the coronavirus epidemic is a lot worse and markets are tumbling...

Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...