South Korean shares rose Monday after US paused strikes on Iran, while tech firms agreed on $950 billion in AI cooperation projects
Seoul stocks open higher on eased Mideast tensions, $950B chip deals
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Summary
Brent crude, the international standard, briefly topped $100 a barrel last week as the US-Iran conflict spread beyond the Strait of Hormuz to the Red Sea. SEOUL, July 27 (Yonhap) -- South Korean stocks started higher Monday as the United States paused strikes on Iran over the weekend, easing military tensions in the Middle East. The projects include a long-term deal under which SK Group will supply $750 billion worth of high-performance semiconductors to Nvidia and others.
Furthermore, Oil prices also fell as Brent crude futures dropped 5.7 percent to $91 per barrel and West Texas Intermediate slipped 5.5 percent to $84. Also over the weekend, South Korean and US tech companies agreed to pursue a series of cooperation projects worth a combined $950 billion during an artificial intelligence summit hosted by the South Korean government in San Francisco.
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Factual coreconfirmed by several independent voices
Brent crude, the international standard, briefly topped $100 a barrel last week as the US-Iran conflict spread beyond the Strait of Hormuz to the Red Sea.
reliability low1/2 sourcesSEOUL, July 27 (Yonhap) -- South Korean stocks started higher Monday as the United States paused strikes on Iran over the weekend, easing military tensions in the Middle East.
reliability low1/2 sourcesThe projects include a long-term deal under which SK Group will supply $750 billion worth of high-performance semiconductors to Nvidia and others.
reliability low1/2 sourcesOil prices also fell as Brent crude futures dropped 5.7 percent to $91 per barrel and West Texas Intermediate slipped 5.5 percent to $84.
reliability low1/2 sourcesAlso over the weekend, South Korean and US tech companies agreed to pursue a series of cooperation projects worth a combined $950 billion during an artificial intelligence summit hosted by the South Korean government in San Francisco.
reliability low1/2 sources
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