After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chip shares higher.
Huge memory-chip profits from the global A.I. boom have increased interest in semiconductor factory work. But behind the hype are uncertain job prospects.
Data: Financial Modeling Prep ; Chart: Axios Visuals In the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to the global economy are growing much more serious. The big picture: You can't decapitate the leadership of a country of 90 million people, with expansive military and intelligence capabilities, in the heart of some of the world's most economically important supply chains, without a huge cost. - The hours and days and weeks ahead are all about quantifying that cost. Zoom in: Oil skyrocketed 25% overnight, to just under $120 a barrel, fueling worries that higher energy costs will stoke inflation and curb spending by U.S. consumers. Tokyo's…
After explosive growth in recent months, the country’s benchmark stock index plummeted, then rebounded, in the wake of the U.S. and Israeli attacks on Iran.
Spurred by government policies and the global A.I. boom, the market’s value has jumped by hundreds of billions of dollars. Individual investors have piled in.