Dossier
supply glut
Coverage of supply glut in the Nexus archive.
South Korea's Kospi indextopic1SK Hynixorganization1Samsung Electronicsorganization1Tokyo Electronorganization1TSMCorganization1Micron Technologyorganization1Intelorganization1Advanced Micro Devices (AMD)organization1AI demandtopic1OPECorganization1IEAorganization1Strait of Hormuzplace1oil overhangtopic1
- World shares are mixed, with South Korea's Kospi down nearly 8% on a sell-off of chip shares
World shares were mixed as South Korea's Kospi index fell nearly 8% due to a sell-off in chip stocks, with SK Hynix and Samsung Electronics dropping significantly. Concerns over potential supply gluts in AI and tech sectors weighed on markets, while European benchmarks rose. Oil prices declined amid Iran-U.S. negotiations.
- OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
OPEC's chief dismisses the IEA's forecast of a supply glut, citing the reopening of the Strait of Hormuz. The IEA warned that resolving the conflict could lead to increased supply volumes and a major oil overhang next year.