Kospi dream rally fumbles: World’s best-performing stock plunges 7% – what’s behind crash?

The spectacular rally in South Korea’s stock market suffered a sharp reversal on Monday, with the benchmark Kospi tumbling 7%. Rising tensions across the Middle East dragged the index 511 points down to 6,964.76 as rising geopolitical tensions in the Gulf rattled investors worldwide.The sell-off came after Iran claimed it had closed the strategically vital…

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Gold, silver price today: What’s next for precious metals? Key triggers that could shape prices this week

Gold, silver price today: Global bullion ended last week on a weak note with gold and silver posting losses International bullion prices ended lower, reflecting cautious investor sentiment. Spot gold declined by $17.57, or 0.43%, to close at $4,106.25 per ounce, while silver also remained under pressure, slipping nearly 1% to $59.54 per ounce. The…

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Cybersecurity Framework: Government weighs cybersecurity framework for IoT devices

NEW DELHI: Government is considering extending its cybersecurity push beyond CCTV cameras by introducing a similar regulatory framework for a wider range of internet of things (IoT) devices, including smart meters, amid concerns that these devices remain vulnerable as they are imported, mainly from China.While no final decision has been taken, discussions at the official…

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Four top-10 firms add Rs 93,000 crore in mcap despite weak market; HDFC Bank, Airtel lead gains

HDFC Bank and Bharti Airtel emerged as the biggest gainers among India’s top-10 most-valued firms NEW DELHI: Despite a weak week for benchmark indices, four of India’s 10 most-valued companies added nearly Rs 93,000 crore to their combined market capitalisation, led by strong gains in HDFC Bank and Bharti Airtel.The combined valuation of Reliance Industries,…

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