Jihoon Lee | Reuters
South Korean President Lee Jae Myung and U.S. President Donald Trump held a phone call on Sunday and discussed the outcome of the U.S.-China summit meeting, the South Korean Blue House presidential office said in a statement on Sunday. South Korea has room to use fiscal policy to mitigate the economic impact of the Middle East conflict, thanks to an artificial intelligence boom, credit ratings agency Fitch said on Wednesday. Just as the world's AI bulls looked to be running out of puff, a fresh investor frenzy has hit Asia's tech names, making Seoul's stock market the world's hottest and delivering bonuses of half a million dollars to workers at one Korean chipmaker. South Korea's benchmark KOSPI index vaulted past 7,000 for the first time on Wednesday, as an AI-powered rally in semiconductor stocks drove Samsung Electronics past the $1 trillion market-cap barrier. South Korea's consumer prices rose in April at the steepest pace in nearly two years on a surge in oil prices tri
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