KOSPI drops 7.3% on Seoul stock exchange. The index fell 7.3% on the Seoul exchange.

South Korea's largest brokerage gets zero SpaceX IPO allocation among 23 underwriters, apologizes to clients as local regulators inspect its practices

SpaceX's record-breaking IPO left South Korea's biggest brokerage as the only one of 23 underwriters to receive no stock allocation, forcing it to apologize to clients and face inspection of its practices by local regulators.

Swiss National Bank sold francs in Q1 to halt currency surge as US and Israel launched attacks on Iran, Bloomberg reports. Rare SNB intervention amid escalating Middle East conflict.

The Swiss National Bank sold francs in the first quarter, intervening to stop the currency's surge when the US and Israel started to attack Iran.

South Korean won closes at 1,549.4 to the dollar, lowest since March 2009, as currency pressure deepens amid global dollar strength.

South Korea's won closed onshore trade at 1,549.4 against the dollar, its lowest close since March 2009.

Magnificent Seven stocks shed $2.3 trillion in Wall Street tech rotation, FT reports, as investors pivot away from mega-cap tech names.

The Magnificent Seven stocks have shed $2.3 trillion in a Wall Street tech rotation, the Financial Times reports.