A Cheongung missile launcher is displayed during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) at Seoul Air Base in Seongnam, Gyeonggi Province, South Korea, on October 17, 2025. Nurphoto | Nurphoto | Getty Images South Korean defense stocks saw massive gains on Tuesday after the country's markets returned from a public holiday, as the Iran war fuels interest in defense name...
A Cheongung missile launcher is displayed during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) at Seoul Air Base in Seongnam, Gyeonggi Province, South Korea, on October 17, 2025. Nurphoto | Nurphoto | Getty Images South Korean defense stocks saw massive gains on Tuesday after the country's markets returned from a public holiday, as the Iran war fuels interest in defense names globally. Heavyweight Hanwha Aerospace, which is South Korea's largest defense manufacturer, saw shares surge 22%, while Korea Aerospace Industries gained more than 7%. Shares in Lignex1, maker of South Korean air defense systems, soared 30%, while Victek and Firstec, which make electronic warfare systems and anti-aircraft missile components, respectively, rose more than 25% Ammunition manufacturer Poongsan was up 14%, while Hyundai Rotem, maker of the K2 main battle tank, was up over 12%. The sector's gains were in sharp contrast to the wider Kospi, which was down 2% and is currently leading losses in Asian markets. Global defense stocks soared Monday as investors reacted to a dramatic military escalation in the Middle East. This is breaking news, please check back for updates.
Zhanna Hapanovich/iStock via Getty Images By Jennifer Nash The Institute for Supply Management (ISM) manufacturing purchasing managers' index ( PMI ) came in at 52.4 in February, surpassing the 51.7 forecast and marking the index's second straight expansion reading Here is an excerpt from the latest report : Spence continues, “In February, U.S. manufacturing activity remained in expansion territor...
Zhanna Hapanovich/iStock via Getty Images By Jennifer Nash The Institute for Supply Management (ISM) manufacturing purchasing managers' index ( PMI ) came in at 52.4 in February, surpassing the 51.7 forecast and marking the index's second straight expansion reading Here is an excerpt from the latest report : Spence continues, “In February, U.S. manufacturing activity remained in expansion territory, although growing at a slower pace than the month before. Of the five subindexes that make up the PMI ® , two (New Orders and Production) indicated slower growth compared to the previous month, and the Employment and Inventories indexes remained in contraction. “Three demand indicators (the New Orders, Backlog of Orders and New Export Orders indexes) are in expansion, and the Customers’ Inventories Index remains in ‘too low’ territory, contracting at a slightly slower rate. A ‘too low’ status for the Customers’ Inventories Index is usually considered positive for future production. “Regarding output , the Production Index is in expansion for the fourth month in a row, and the Employment Index, though still in contraction, improved by 0.7-percentage point. However, 45 percent of panelists still indicate that managing head counts is the norm at their companies as opposed to hiring. “Finally, inputs (defined as supplier deliveries, inventories, prices and imports) all increased since the previous month’s reading. The Supplier Deliveries Index indicated slower deliveries, Inventories Index contraction has slowed, and the Prices Index took a huge leap to 70.5 percent from 59 percent in January. “Looking at the manufacturing economy, 21 percent of the sector’s gross domestic product (GDP) contracted in February, compared to 20 percent in January, and the percentage of manufacturing GDP in strong contraction (defined as a composite PMI ® of 45 percent or lower) decreased to 1 percent, compared to 12 percent in January. The share of sector GDP with a PMI ® at or below 45 percent ...
Monday was a good day for cryptocurrency holding companies to publish portfolio updates. In what qualifies as excellent timing, Bitmine Immersion Technologies ' (NYSEMKT: BMNR) latest release, which yet again revealed a higher pile of digital money, came early enough that morning to benefit from general crypto optimism in the market. This helped push Bitmine stock to an almost 8% gain on the day. ...
Monday was a good day for cryptocurrency holding companies to publish portfolio updates. In what qualifies as excellent timing, Bitmine Immersion Technologies ' (NYSEMKT: BMNR) latest release, which yet again revealed a higher pile of digital money, came early enough that morning to benefit from general crypto optimism in the market. This helped push Bitmine stock to an almost 8% gain on the day. Bitmine's weekly digest of its most crucial assets revealed that the company's total Ethereum holdings have reached 4,473,587. In hard currency terms, this investment is now worth nearly $9.1 billion. That total is up from the week-ago tally of 4,422,659. Image source: Getty Images. Continue reading
(RTTNews) - The Taiwan stock market on Monday halted the eight-day winning streak in which it had surged more than 3,650 points or 10.1 percent to a record closing high. The Taiwan Stock Exchange now sits just beneath the 35,100-point plateau and it may take further damage on Tue
(RTTNews) - The Taiwan stock market on Monday halted the eight-day winning streak in which it had surged more than 3,650 points or 10.1 percent to a record closing high. The Taiwan Stock Exchange now sits just beneath the 35,100-point plateau and it may take further damage on Tue
Hundreds of Hong Kong politicians and business leaders head to Beijing on Tuesday for the nation’s annual “two sessions”, with observers expecting discussions to focus on the city’s role as an international financial centre and the Northern Metropolis megaproject. The annual session of the country’s top political advisory body, the Chinese People’s Political Consultative Conference (CPPCC), will c...
Hundreds of Hong Kong politicians and business leaders head to Beijing on Tuesday for the nation’s annual “two sessions”, with observers expecting discussions to focus on the city’s role as an international financial centre and the Northern Metropolis megaproject. The annual session of the country’s top political advisory body, the Chinese People’s Political Consultative Conference (CPPCC), will commence on Wednesday, followed by the National People’s Congress (NPC), the country’s legislature,...
Hong Kong’s government-backed investment fund is being redeployed to support the city’s sluggish commercial property sector, signaling authorities’ growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city’s industrial ambitions. Attracting foreign institutions, however, might prove challenging. The city’s elevated vacancy r...
Hong Kong’s government-backed investment fund is being redeployed to support the city’s sluggish commercial property sector, signaling authorities’ growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city’s industrial ambitions. Attracting foreign institutions, however, might prove challenging. The city’s elevated vacancy rates, looming new completions and uncertain rental recovery have kept global funds on the sidelines,...