LIG Nex1 shares jump 17% amid US-Iran war; South Korean defense stock surges 78% in five days

Buzz line2 months ago05 mins

South Korean defense stock LIG Nex1 Co. surged more than 17% on Friday, March 6, extending its sharp rally since the outbreak of the US-Iran war in the Middle East. LIG Nex1 stock price surged as much as 17.8% to 899,000 KRW on the Korea Exchange. The defense stock had already rallied 26% in the…

South Korea halts program selling as KOSPI slides over 5%; tech rout spreads across Asian markets

Buzz line3 months ago03 mins

South Korean market regulators stepped in on Monday after a sharp early decline triggered a temporary halt on program-based sell orders. The action came after futures linked to the Kospi 200 dropped more than 5%, activating a market safety mechanism known as a “sidecar” for the first time since April. The Kospi had fallen more…

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South Korea halts program selling as KOSPI slides over 5%; tech rout spreads across Asian markets