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Finance & Markets

Vontobel Co-CEO: Higher Rates Not a Problem per Se, Pace Can Be

Christel Rendu De Lint, Co-CEO of Vontobel, on AI, cyber risks and if UBS left Switzerland. 'I would prefer them to stay. It's a brand for the Swiss economy, losing a major brand, a major actor, it's a loss'. She speaks on Bloomberg's "The Opening Trade" with Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

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[Closing Market] KOSPI Plunges 7.57%, Retreating to 5,500 Level

The domestic stock market showed a sharp downward trend on Oct. 15 as inflation concerns originating from the United States and anxiety over the investment profitability of the artificial intelligence…

  • KOSPI index fell 7.57%, closing at 5,554.22
  • Foreign investors net sold 3.6241 trillion won in stocks
  • U.S. inflation and interest rate concerns triggered market decline

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