Black Friday: KOSPI Sinks 6%, Extending Slide on US AI Regulation Fears
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9 Articles
The KOSPI, which had fallen to the 4,000 range during the trading session due to panic selling of AI-related stocks, closed at 5,059.69 on the 6th, barely holding the 5,000 mark. Extreme tension gripped the market immediately after opening as circuit breakers and sell-side sidecars—measures to alleviate stock market volatility—were triggered in succession, amidst which a firefighter
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The KOSPI index, which had surpassed the 9,000 mark riding the AI investment frenzy, plummeted on the 6th, falling below the 5,000 mark during trading. This was influenced by doubts raised regarding the sustainability of Big Tech investments as concerns spread that profit generation is slow compared to massive AI investments. Meanwhile, the so-called "Blue Wave," in which the Democratic Party gained control of Congress following the U.S. midterm…
Black Friday: KOSPI sinks 6%, extending slide on US AI regulation fears
KOSPI plunged more than 6 percent Friday, barely holding above the 5,000 mark, as fears of tighter U.S. regulation of artificial intelligence (AI) data centers sparked panic selling in chip stocks. The benchmark finished at 5,059.69, shedding 324.11 points, or 6.02 percent, following a 5.28 percent decline the previous day. After opening 2.24 percent lower at 5,263.26, the index quickly lost more ground, falling over 8 percent and slipping below…
The Asia-Pacific Region (APR) fixed asset indices fell on Friday, and South Korean KOSPI showed a 6 per cent drop due to global... 06.11.2026, PRIM
The domestic stock market faced a "Black Friday" on the 6th due to concerns over U.S. regulations on artificial intelligence (AI) data centers. The KOSPI plunged more than 6%, falling to the 4,900 level early in the trading session for the first time in over nine months, but managed to barely hold above the 5,000 mark after recovering some of its losses. According to the Korea Exchange, the KOSPI closed at 5,059.69, down 324.11 points (6.02%) fr…
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