U.S. stock markets have declined due to rising oil prices influenced by recent attacks in the Middle East. The S&P 500 fell by 0.4%, the Dow Jones by 1.1%, and the Nasdaq by 0.2%, reflecting increasing geopolitical tensions.
Δ Recent attacks in the Middle East have led to rising oil prices, causing a decline in major U.S. stock indices.
Major US stock indices fell as AI stocks declined and oil prices surged due to uncertainty about the reopening of the Strait of Hormuz.
The KOSPI index reached a new record high of 6,936.99 on May 4, 2026, driven by a surge in semiconductor stocks like SK hynix, which gained 12.52% and surpassed a market cap of 10 trillion won. Foreign and retail investor activities significantly contributed to this rally.
Δ KOSPI index level increased to 6,936.99 with notable foreign buying and SK hynix's market cap milestone.
The KOSPI index experienced a significant increase, closing above the 6,300 mark, highlighted by notable gains in major semiconductor companies.
The Russian government fined Take-Two Interactive and Electronic Arts for violations related to data storage, enforcing local data protection laws.
Kudankulam Nuclear Power Plant Unit-3 initiated the 'Spillage to Open Reactor' step, indicating progress toward becoming operational.
The UAE introduced a new AI system for work permit screening, using real-time data to match skilled professionals with sectors experiencing shortages.
Prime Minister Shehbaz Sharif instructed the authorities to expedite the legalization and regulatory process for cryptocurrencies in Pakistan.
The FSC approved regulations designed to facilitate the growth of fintech startups by simplifying the licensing process.
South Korea has completed its largest offshore wind farm, located off the coast of Jeju Island, which will supply 500 megawatts of electricity.
South Korea's Ministry of Science and ICT unveiled a significant five-year investment plan to inject 1 trillion KRW into the AI sector.
Samsung Electronics is investing $2 billion in its semiconductor manufacturing facilities in Pyeongtaek to enhance production capacity.
King Charles III officially announced the launch of Project Nova by the UK Space Agency, which involves setting up a global network of telescopes to monitor space debris.
The Experimental Advanced Superconducting Tokamak, EAST, in China, managed to sustain a temperature of 100 million degrees Celsius for over 1,000 seconds, breaking previous records for duration at this extreme temperature.
The Bank of Italy issued new guidelines for digital banking services, focusing on improving cybersecurity measures.
The Italian government unveiled a €1 billion investment plan for AI research to be carried out over the next five years.
Samsung selected Air Products to supply industrial gases for its upcoming semiconductor fab in Pyeongtaek, marking a substantial business development for both companies.
The KOSPI index saw a significant drop of 7.24%, closing at 5,791.91 due to geopolitical tensions and semiconductor market troubles.
The Argentine government announced a new initiative focused on the development and advancement of quantum computing technologies.
The Government of India identified and announced it will address security gaps in its Meghraj Cloud initiative, based on standards from the US and UK.
Indonesia announced that social media companies must disclose the number of user accounts suspended under new child protection regulations.
Australia announced a draft plan to impose a 2.25% levy on the revenues of major tech companies operating in the country. The funds from this levy would be directed towards sustaining and developing Australian news media.
The South African government withdrew its Draft National AI Policy following the discovery of fake AI-generated references within the document.
A high-level panel was constituted by Finance Minister Nirmala Sitharaman to assess the interconnected risks of the AI platform 'Mythos'.
PNB and Kiwi have partnered to introduce the PNB Kiwi Credit Card on the RuPay network.
Chinese regulators, led by the National Development and Reform Commission, have blocked Meta's $2 billion acquisition of Manus, a Singapore-based AI startup with substantial Chinese connections, citing concerns over technology leakage.
The Kospi index in South Korea surpassed 6,000 for the first time, increasing the market's overall capitalization significantly.