| Mobile Web

All articles List

Finance

KOSPI hits record high for second day as semiconductors rise on first day of single-stock leverage products

South Korea's KOSPI rose more than 2 percent on May 27 to post a record high for a second straight session, supported by strong sentiment on the first trading day of single-stock leveraged products linked to Samsung Electronics and SK Hynix. The index closed up 181.19 points, or 2.25 percent, at 8,228.70 after touching a 52-week high of 8,457.09. Retail and institutions were net buyers, while foreigners sold. The Kosdaq fell 3.36 percent, and the won strengthened against the dollar.

Industry

Japan humanoid Atom raises seed funding, targets 1 percent GDP boost through factory and logistics automation

Japanese humanoid AI robot startup Atom (ATOM) has raised 3 billion yen in a seed funding round and plans to develop humanoid robots for manufacturing and logistics sites. The company said it will also build a world model to learn real physical environments, while designing and building data collection centers and supply chains. The funding was led by ANRI, Beyond Next Ventures and JAFCO Group, with participation from ALPHA and other investors.

Finance

Mirae Asset Securities lists leveraged single-stock ETNs on Samsung Electronics, SK hynix

Mirae Asset Securities will newly list 2 leveraged single-stock exchange-traded notes (ETNs) that track twice the daily returns of Samsung Electronics and SK hynix, it said. The ETNs follow daily moves in the KRX Samsung Electronics TR Leverage Index and the KRX SK hynix TR Leverage Index calculated by Korea Exchange. Mirae Asset said the ETN structure can track index returns more precisely after expenses. It cautioned the products are high-risk.