Cochlear FY profit drops 22% but exceeds forecasts
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Weak opening seen for Nifty, Sensex
Gift Nifty signals gap-down; ICRA sees Q1 GDP growth easing to 7%; oil risks in focus
Moody’s Raises South Korea’s Growth Forecast to 3.5% as Semiconductor Boom Extends
Moody’s has sharply raised its economic growth forecast for South Korea this year to 3.5%, citing stronger-than-expected semiconductor demand and robust export growth.
- Moody's raises South Korea's growth forecast to 3.5% for the year.
- Semiconductor boom expected to extend through mid-2027.
- Semiconductor industry drives export growth and corporate investment.
[Opening Market] Korean Stocks Surge Above 7,200 on Foreign Buying Rally
The KOSPI and other indicators are displayed on the status board at the Hana Bank dealing room in Jung-gu, Seoul, on Aug.
- Korean KOSPI index surpasses 7,200-point mark on August 18
- Foreign investors net buying trend of over 620 billion won
- Samsung Electronics and SK hynix lead semiconductor sector gains
Crude prices cross $90 as ceasefire hopes dim, Hormuz disruption weighs on supply
Oil prices climbed Tuesday as Middle East war concerns persisted. Iran signaled a more offensive military approach, and the US rejected extending the ceasefire.