Seoul Slump Leads Asia Stock Rout as Markets Brace for Energy Shock
SEOUL, March 4 (Reuters) - The Korea Exchange said on Wednesday it activated circuit breakers on the KOSPI at 0219 GMT, halting trading for 20 minutes, after the benchmark stock index fell 8%.It was the first time since August 2024 circuit breakers were activated on the index.
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AMD Soars 7% as It Clinches Mega Chip Supply Deal With Meta. Nvidia Drops 2% While Broadcom Falls 4%
Advanced Micro Devices said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to...
Lemonade Stock Jumps on Better-Than-Expected Q4 Revenue
Lemonade, Inc. (LMND) experienced a significant pre-market surge of 12.86% following the release of its fourth quarter 2025 financial results.The key driver behind the sharp upward movement appears...
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A Presidents Day Effect On Stocks? This Study Says Yes
A federal holiday often portends a long weekend for travel -- or maybe just an extra day off to relax. But can a holiday also benefit your stock portfolio?A group of researchers who explored the so-called "holiday effect" says yes. Their study, published in 2025 in the Review of Financial Economics, looked at stock returns before and after the 11 federal holidays.The team found that three holidays in particular -- including Presidents Day -- "are more likely to yield positive abnormal returns." The other two were Martin Luther King Jr. Day and Thanksgiving.The researchers, who looked at 100 largest stocks by market capitalization on the New York Stock Exchange between 2014 and 2024, say the study has real-life applications.As co-author Nikolas Albertson, an economist at TradeWell Securities, told Barron's, they found "statistically significant results that holiday effects exist, and if you were to pair that up with common knowledge of the market, you could take advantage of the opportu
DiDi Anticipates 45% Surge in Out-of-Town Ride-Hailing Demand Before Spring Festival
DiDi Global Inc. has projected a significant increase in ride-hailing demand for travel purposes such as returning home and tourism before the Spring Festival holiday. According to the company's...