Korea's 'Black Thursday': Kospi −7.6% as Chip Giants Crater
5 Articles
5 Articles
The KOSPI plunged 7.57% on the 15th due to concerns over the profitability of global AI investments and the possibility of a U.S. interest rate hike. Amid a decline in market capitalization of 1,200 trillion won, the stock prices of key semiconductor companies fell sharply. Experts are warning of the structural risks facing the Korean economy, which is highly dependent on semiconductors.
Concerns about the sustainability of global AI (artificial intelligence) investment have resurfaced, causing the Korea Composite Stock Price Index (KOSPI) to plummet 7.57% on the 15th. This is seen as a warning sign for the South Korean economy, which has grown and seen stock prices rise, supported by the AI semiconductor boom. According to the Korea Exchange, the KOSPI closed at 5554.22 on the 15th, down 7.57% from the previous day. During trad…
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