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Appearances Over Time
Podcast Appearances
But over the past month, the company's share price has slipped 10%.
The issue is energy.
See, South Korea imports 70% of its oil and 20% of its liquefied natural gas from the Middle East.
The country's economy and its power-hungry chip makers depend on that energy to keep the lights on, so any disruption will leave them fumbling.
That's weighed on South Korea's main KOSPI index, too.
It's dropped more than 10% in the last month.
Before we dive into the next story, it's time for our daily check-in with Carl.
You've got questions.
He's got your answers.
Carl, what have you got for us?
Thanks, Carl.
Next up.
The UK's annual inflation held steady at 3% in February, but that was before war in the Middle East sent energy prices sharply higher.
This inflation report came in exactly as expected, but it's more of a snapshot of the past than anything, and that's exactly how investors treated it on Wednesday.
See, before the conflict, which began on February 28th, investors thought the Bank of England would cut interest rates this year to support the country's growth.
But the UK economy is particularly vulnerable to energy shocks.
Gas heats 85% of British homes and provides 30% of the country's electricity.
So traders are now betting on two quarter-point rate hikes instead.
The BOE now expects inflation to reach around 3.5% in the coming months.
thing is, it wasn't exactly cooling down quickly before the hostilities broke out.