Shares of several regional banks and investment firms experienced a significant downturn Thursday, with losses attributed to concerns surrounding potential loan defaults within the United States. The Kospi index, a widely followed benchmark for the Korean stock market, surged to a fresh record high for the past three consecutive days. Analysts cited heightened uncertainty regarding the ongoing negotiations between South Korea and the U.S. regarding trade agreements. While some sectors showed resilience, the overall market exhibited volatility, reflecting mixed investor sentiment and cautious outlooks regarding economic stability and geopolitical factors.
Credits: US Top News and Analysis
