Kospi Hits Record, Then Slumps as Xi-Taiwan Tensions Loom and Cisco-Fueled U.S. Rally Persists
TL;DR
South Korea’s Kospi briefly hit a record high before tumbling more than 3% as Asia-Pacific equities fell; Hang Seng and Nikkei-225 also fell while U.S. indices climbed to fresh highs on Cisco’s strong earnings, as Xi warned that mishandling Taiwan could trigger clashes with the United States amid the Trump-Xi summit.
- South Korea’s Kospi retreats from 8,000 milestone as Trump-Xi talks enter second day CNBC
- This bearish ‘key reversal’ chart pattern could be why chip stocks suffered a rare selloff MarketWatch
- The Speed of Korea's Record Rally Defies Brewing Jitters Bloomberg.com
- KOSPI hits another historic landmark of 8,000 on AI rally The Korea Times
- Asian stocks are lower after South Korea's Kospi hits records, as Trump wraps up Beijing trip WRAL
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