Search results for TAIEX
Finance
South Korea stock market capitalisation ranks sixth worldwide, overtakes Taiwan
South Korea’s stock market rose to sixth in the world by market capitalisation as a sharp rally continued. Bloomberg data showed the KOSPI at about $4.22 trillion and the KOSDAQ at about $448.3 billion, taking the combined value to about $4.66 trillion. Taiwan’s TAIEX stood at about $4.33 trillion. South Korea’s combined market value is up 78 percent this year, outpacing Taiwan’s rise.
Industry
Asian stocks fall after Trump issues \'48-hour ultimatum\'
Major Asian stock markets fell on March 23 as tensions in the Middle East rose after U.S. President Donald Trump issued what was described as an ultimatum. Japan\'s Nikkei 225, South Korea\'s KOSPI and KOSDAQ, Taiwan\'s Taiex and major indexes in China and Hong Kong were all in decline. Oil prices also swung, with Brent briefly rising above $114 a barrel and WTI topping $101 before easing.
Industry
Oil prices top $100 again in intraday trade after three days
International oil prices climbed back above $100 a barrel in intraday trading on March 12, despite an agreement by 32 members including the G7 to release 400 million barrels of strategic reserves. Industry views said a potential closure of the Strait of Hormuz could cause supply losses too large to offset. Iran widened maritime attacks in the Gulf, while Asian stock markets mostly fell on the oil surge.
