August 20, 2026
Stories from this day
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Economy · 4 min readKOSPI closes at 6,471.17 on August 19, 2026 — foreigners sold 4tn won, retail bought 5.6tn
Close — KOSPI 6,471.17 (-5.80%), KOSDAQ 824.46 (-1.17%): a fivefold gap in the fall
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Tech · 3 min readSK hynix to cancel 40 trillion won of shares — Korea's largest, and the stock fell 9.75%
Size — 40.0043tn won and 24.07m common shares, about 3.3% of shares outstanding, bought then cancelled
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Economy · 4 min readS&P 500 closes at 7,707.98 on August 19, 2026 — a buyback plan bent the yield curve
Indices — S&P 500 7,707.98 (+0.21%), Dow 53,463.05 (+0.22%), Nasdaq 26,331.09 (+0.16%)
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Economy · 3 min readFOMC July minutes show a 9-3 vote — and a proposal to cut meetings from eight to six
Vote — 9-3 to hold at 3.5-3.75%; all three dissents favoured a quarter-point hike
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World · 3 min readUlchi Freedom Shield ends August 21 — a running exercise cut short for the first time
Schedule — the exercise moves from August 17-28 to August 17-21, a reduction of six days
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Tech · 3 min readAlibaba sells its game studio for $2bn — what's left is commerce, cloud and Qwen
Deal — all of Lingxi Games to Trustar Capital for over $2bn, confirmed in an internal memo on August 17
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Economy · 5 min readWhat a share cancellation is — why destroying stock makes your slice bigger
Definition — the company acquires its own shares and destroys them, cutting shares outstanding
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Economy · 5 min readWhat a Treasury buyback is — why a government repurchases its own debt
Definition — the government buys back its own outstanding bonds before maturity
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World · 4 min readWhat Korea-US joint exercises are — Ulchi Freedom Shield vs Freedom Shield
Two cycles — Freedom Shield in spring and Ulchi Freedom Shield in late summer, twice a year
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Sports · 5 min readWhat the KBO wild card is — why fourth place starts with a free win
Who — the fourth and fifth-place finishers contest one place in the quarter-playoff