
South Korean stocks plunge 12% as Iran conflict sends won to 17-year low
South Korean financial markets suffered major losses amid escalating Iran conflict, with stocks falling 12% and currency hitting multi-decade lows.

South Korean financial markets suffered major losses amid escalating Iran conflict, with stocks falling 12% and currency hitting multi-decade lows.

Investment bank adjusts market outlook amid regional conflict while U.S. stocks recover from recent losses.

Economic shifts affect multiple generations of workers, with some turning to skilled trades amid changing employment landscape.
Cloud software company Veeva Systems will be added to the S&P 500 index, replacing energy firm Coterra Energy in the benchmark stock index.
Nigerian businessman Aliko Dangote plans to launch a pan-African initial public offering for his major refinery project.

Gold reaches new highs amid currency concerns while bitcoin shows portfolio benefits and Portugal issues yuan bonds
LGBTQ Pride organizations are adjusting their operations and planning as they face challenges securing traditional corporate sponsors for their annual celebration events.
Stellantis stock fell sharply after releasing quarterly results showing weak cash flows despite profit gains from tariff refunds.
Japanese finance official indicates potential intervention to support weakening yen as currency nears critical 160 level against dollar.

Asian stocks showed mixed results Friday while oil prices fell after reaching 2024 highs amid ongoing conflict between Israel and Iran.
Lazard acquires Campbell Lutyens for $575 million, KKR explores $10 billion sale of spreads business, and Engine Capital pushes KBR to consider sale options.
International Monetary Fund Managing Director Kristalina Georgieva addressed the global economic effects of the Iran conflict and other economic issues.
British American Tobacco reduced its cigarette volume expectations for this year, citing lower-than-expected global industry performance.

New analysis shows billionaire count could grow 25% over five years from current 3,110 individuals.

U.S. manufacturing firms are increasingly drawing venture capital funding as investors show renewed interest in physical goods production.
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