Finance

KOSPI rebounds on foreign and institutional buying; KOSDAQ triggers sell sidecar

South Korea's KOSPI rebounded after nearly a 9 percent drop a day earlier, supported by bargain buying from foreign investors and institutions. The index finished up 0.73 percent at 6,856.83 after opening lower and briefly rising to the 6,900 level. The KOSDAQ fell 1.92 percent to 783.98 and failed to regain 800 after a sell sidecar was triggered during the session.

Industry

Tesla says it is developing wheelchair-accessible robotaxi, keeps model and launch timeline under wraps

Tesla says it is developing a wheelchair-accessible, purpose-built autonomous vehicle in Texas. The company made the statement at a Washington, D.C. City Council hearing discussing legislation that could allow robotaxi services. Senior policy adviser India Herdman said the product is actively in development, but Tesla did not disclose the launch date, vehicle model or specifications and did not provide further comment. Tesla’s current driverless operations use Model Y vehicles that are not wheelchair-accessible, and its planned Cybercab is also not designed for direct wheelchair boarding.