Hints and tips:
...The S&P 500 experienced its sharpest decline since the middle of February and US government bonds also rose as investors sought safe-haven assets....
...Job moves LG Energy Solution, Korea’s largest battery maker, appointed president Kim Dong-myung as chief executive on Wednesday, replacing Kwon Young-soo....
...Ohsung Kwon and his team at Bank of America point out that the pace of margin decline has slowed....
...“Many Chinese businesses are manufacturing intermediate goods, which we mainly export,” Rhee Chang-yong, the governor of the Bank of Korea, told lawmakers in May....
...“Over the past couple of years, investors started to look at tech as the new defensive sector as they were relatively immune and even benefited from the Covid downturn” said Kwon....
...Do Kwon, the crypto entrepreneur behind terraUSD and luna digital, was charged last night in the US with fraud....
...Similar low-cost Covid policies offered by Alibaba- and Tencent-backed ZhongAn Online P&C Insurance and midsized Yong An Insurance have also been removed from current product offerings....
...Goohoon Kwon, senior Asia economist at Goldman Sachs, said: “We see Taiwan and Korea, followed by a number of Asean economies, as being the most vulnerable to the latest tightening of Covid restrictions...
...But as one Seoul-based crypto industry insider told the FT, he’s now famous to the world over just for being an “arrogant p***k”....
...The swath of problems listed by Snap’s CEO triggered a more broad-based sell-off, with the S&P 500 down 2 per cent on Wall Street and the tech-heavy Nasdaq falling nearly 3 per cent....
...Second, the account apparently made a “fat finger” error — withdrawing $100 million from Anchor when they meant to withdraw $10 million from Anchor, on April 25 p....
...“Value managers tended to be overweight in energy and financial stocks which both did very well in 2021,” said Kwon....
...Fraud is alleged, though denied by company founder Do Kwon....
...A: Do Kwon “War is the ultimate Supreme Court.” A: Elon Musk “The FT is not a pro-business paper. It’s not a pro-Tory paper....
...“The financial crisis convinced policymakers that there was a limit to what could be achieved through the manufacture of physical goods,” says Yong Kwon of the Korea Economic Institute of America....
...For now, stock pickers can gain comfort that the correlation between stocks in the S&P 500 is below its long-term average, BofA’s Kwon said....
...Im Yong-kwon, another fisherman in his sixties who witnessed the 2010 shelling, said he was used to North Korea’s threats but hoped Pyongyang was not provoked into action....
...“The markets are priced to perfection,” said Danny Yong, founding partner at hedge fund Dymon Asia Capital in Singapore....
...Gold dropped from nearly $1,680 on March 9 to just above $1,450 on March 16, shortly before the S&P 500 hit a more than three-year low....
...Bae Doo-yong, LG’s former head of tax and trade, will become its chief financial officer....
...If stocks keep tumbling Mr Trump could be in danger, said Danny Yong, chief investment officer at Dymon Asia Capital, a Singapore-based asset manager....
...Mr Yong said he is still positioned for a sell-off in risk assets and expects the S&P 500 — which has already dropped from more than 3,300 to around 2,750 — to fall to 2,580 in the coming weeks....
...Albert Yong, head of Seoul-based hedge fund and entertainment investor Petra Capital Management, predicted that the clutch of Academy Awards would boost interest among international investors in financing...
...Lee Jae-yong, the de facto head of Samsung, the world’s biggest memory chipmaker, has been in Tokyo this week with meetings focused on resolving the issue....
...Kevin P Gallagher is director of the Global Development Policy Center at Boston University’s Pardee School for Global Studies....
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