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South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

South Korea's KOSPI craters over 8% as Fed fears spark tech rout SEOUL, June 8 : South Korea's stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally. The KOSPI fell 8.3 per cent to close at 7,484.41, marking its biggest daily fall since March 4. The index is now 15 per cent below the peak of 8,801.49 hit on June 2.

Channel News Asia 2d ago

Power Grid Topology Control

Announce Type: new Abstract: Power grids are facing major challenges from growing renewable integration and worsening climate impacts. While flexibility on both the demand and generation sides has been widely explored to address these challenges, network-side flexibility, especially in network topology, remains highly underutilized. Advances in communication, power electronics, and circuit breakers have made network topology increasingly controllable.

arXiv CS 2d ago

Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters

Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters South Korea’s main index plunges nearly 9 percent, while stocks in Japan, Taiwan and Hong Kong also see sharp falls. Asia’s major stock markets have dropped sharply amid the resumption of conflict between Israel and Iran and growing expectations of interest rate hikes in the United States. South Korea’s stock market suffered the steepest losses amid a region-wide sell-off on Monday, as investors followed Wall Street’s...

Al Jazeera 2d ago

As ACs run nonstop in 45°C heat, are Delhi homes facing a growing fire hazard?

As temperatures across Delhi-NCR climb past 45 degrees Celsius, air-conditioners are now running almost constantly in homes, apartments and residential societies. In this extreme heat, another problem is quietly showing up inside these spaces: The risk of AC-related fires. What usually begins as a basic attempt to beat the summer heat can sometimes spiral into something far more dangerous.

Times of India 10d ago

Leveraging Optimal Information-Power Flow for Transmission Switching in AC/MTDC Grids

Announce Type: new Abstract: The emerging AC/multi-terminal DC grids are regarded as a promising solution for accommodating the increasing integration of renewable energy sources. This work proposes an optimization framework to address transmission switching (TS) problems arising in practical operational scenarios, such as maintenance scheduling, contingency management, and fault restoration. Unlike most existing studies, the proposed framework considers the role of communication networks in...

arXiv CS 1d ago

Stock market crash today: Rs 5 lakh crore wealth gone! Top reasons for fall

Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday, with benchmark indices extending losses as weak global cues, relentless foreign investor selling and rising geopolitical concerns dented market sentiment. The broad sell-off erased more than Rs 5 lakh crore from investor wealth, bringing the combined market capitalisation of BSE-listed companies down to around Rs 456 lakh crore.

Times of India 2d ago

South Korea’s booming stock market mints a generation of novice investors

South Korea’s booming stock market mints a generation of novice investors South Korean stocks are soaring, drawing first-time investors in a nation where property has long reigned supreme. Seoul, South Korea – When Kim Ha-young, a Seoul office worker in her 30s, came into a little unexpected cash last year after paying the deposit on her rented apartment, she did something she had never done before. Recommended Stories list of 4 items- list 1 of 4Israel kills 8 in southern Lebanon after...

Al Jazeera 18h ago

AI Loss of Control Incident Management: Response & Resilience

Announce Type: new Abstract: Recent research demonstrating AI systems exhibiting deception and shutdown resistance suggests that AI loss of control (LOC) is an urgent policy concern , yet current literature focuses almost exclusively on alignment and prevention. To address this gap, this paper introduces a foundational framework and taxonomy for managing catastrophic AI LOC incidents.

arXiv CS 9d ago

Trump's DOJ pick in trouble as GOP concerns threaten confirmation

President Donald Trump's pick to lead the Department of Justice is already facing headwinds among Senate Republicans that could derail, or outright torpedo, his confirmation process. And the process to either confirm or deny acting Attorney General Todd Blanche to replace former Attorney General Pam Bondi is already underway in the Senate, with Trump officially sending his nomination to the upper chamber on Monday. Blanche’s involvement in the controversial, now-defunct $2 billion...

Fox News 1d ago

Trump's DOJ pick in trouble as GOP concerns threaten confirmation

President Donald Trump's pick to lead the Department of Justice is already facing headwinds among Senate Republicans that could derail, or outright torpedo, his confirmation process. And the process to either confirm or deny acting Attorney General Todd Blanche to replace former Attorney General Pam Bondi is already underway in the Senate, with Trump officially sending his nomination to the upper chamber on Monday. Blanche’s involvement in the controversial, now-defunct $2 billion...

Fox News Politics 1d ago