South Korea economic growth surpassed estimates in Q1, thanks to chips

South Korea economic growth surpassed estimates in Q1, thanks to chips

A screen displays the closing figure of the Korea Composite Stock Price Index (KOSPI) inside a trading room at Hana Bank in Seoul, South Korea, on April 8, 2026. Hwawon Lee | Anadolu | Getty Images South Korea’s economy beat expectations in the first quarter of 2026 to record the fastest growth since mid-2020, as booming semiconductor demand offset the drag of weak public spending, central bank…

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Powell sees inflation outlook in check, no need to hike rates because of oil shock

Powell sees inflation outlook in check, no need to hike rates because of oil shock

Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction of…

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Nikkei 225, Kospi, Nifty 50

Nikkei 225, Kospi, Nifty 50

Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets fell on Wednesday, mirroring overnight losses on Wall Street after President Donald Trump escalated rhetoric over Greenland, threatening fresh tariffs on countries resisting the transfer of the…

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