Rare 5.4-magnitude quake hits southern S. Korea

An quake of 5.5 magnitude on the Richter scale has hit the southeastern city of Pohang, the Korean Times reported. Witnesses stated that the quake could be felt in Seoul, more than 300 kilometers away, including at Gwanghwamun.

Residents in Pohang city just 5.6 miles from the epicentre of the quake were told to evacuate.

Photos and video footage sent to local TV stations showed crumbled street walls and furniture violently shaking inside people's homes and people rushing out of buildings in panic. No casualties have been reported yet.

Airbus clinches biggest order in its history
Shares in rival Boeing, who was also reported to be doing good business at the air show, closed 2.36% higher at $261.03, in the US.

Trading Indicator Watch on Shares of Mexico Index MSCI Ishares (EWW)
The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Chelsea legend Drogba confirms he'll retire in 2018
He won four Premier League titles, four FA Cups, three League Cups and one Champions League across two spells at the club. He replied: "But Didier, each time I have done it, we have got results"'.

The South Korean port city of Pohang is home to the headquarters of Posco - the country's top, and the world's fourth largest, steelmaker.

The tremor occurred in an area 9 km north of the coastal city of Pohang in North Gyeongsang province at 2.29 p.m, according to the Korea Meteorological Administration. According to state nuclear operator Korea Hydro & Nuclear Power, neither of nuclear reactors on the southeastern coast was affected by the quakes.

Latest News