Panic swept through South Korea’s trading floors on Wednesday as concerns over the Middle East war sent the world’s hottest stock market to its biggest-ever selloff.
Source
Bloomberg
Opens original article in a new tab
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
The bosses of two of Britain’s largest housebuilders, Barratt Redrow Plc and Vistry Group Plc, announced their retirements as the businesses emerge from the deepest slowdown since the global financial crisis.
South Korean defense contractors are looking at more deals and investments in the Philippines to support the Southeast Asian nation’s military modernization amid longstanding geopolitical tensions in the South China Sea.
The rout in Indian equities following the outbreak of war in the Middle East is the latest hurdle facing Indian companies looking to go public, raising the prospect of a prolonged slowdown in issuance after two record-breaking years.