Finance

KOSPI outlook after record highs: semiconductors, dollar and earnings in focus

South Korean stocks are extending a record-high run, keeping attention on factors likely to drive the market next. The market sees a semiconductor-led rally likely to continue for now despite near-term overheating concerns, but expects sector moves to diverge depending on the U.S. Federal Reserve’s policy rate decision, whether the dollar turns weaker and the direction of international oil prices. Investors are also watching the corporate earnings season for guidance.

Mobility

Tesla to start Optimus production in July-August after converting Model S, X line

Tesla will convert the existing Model S and Model X production line at its Fremont plant and start producing the humanoid robot Optimus as early as late July, or by August at the latest. It plans to build the last Model S and Model X in early May and then dismantle the line before installing Optimus-specific equipment. Elon Musk said early production will be slow and this year’s pace is effectively unpredictable.