Seoul Stocks Buck Gains on Wall Street to Open Lower
6 Articles
6 Articles
The possibility of a recovery in the domestic stock market following the rebound in U.S. semiconductor stocks has been raised. While Samsung Electronics is analyzed to be in an undervalued range with a PBR of 1x, strong selling pressure from foreign investors, Coreweave earnings, and external variables such as the consumer price index are identified as key factors determining the future direction of the stock price.
(Seoul = Yonhap News) Reporter Lim Eun-jin = Attention is focused on whether the KOSPI will attempt a rebound on the 9th due to bargain buying following the sharp decline on the previous trading day.
[Digital Daily Reporter Kang Ki-hoon] Although U.S. semiconductor stocks rebounded, the KOSPI fell back below the 5,000 mark in early trading. The domestic stock market, which plummeted enough to trigger a circuit breaker last week, is struggling to regain stability despite the rebound in U.S. tech stocks. Additionally, uncertainty surrounding the artificial intelligence (AI) industry is mounting as NVIDIA CEO Jensen Huang admits to an affair a…
Seoul stocks buck gains on Wall Street to open lower
SEOUL, Nov. 9 (Yonhap) -- Seoul stocks bucked gains on Wall Street to open lower Monday as investors dumped tech heavyweights.The benchmark Korea Composite Stock Price Index (KOSPI) kicked off trading down 25.49 points, or 0.5 percent, to 5,034.2.Maj
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The KOSPI plummeted nearly 12% last week as foreign investors sold off over 10 trillion won worth of domestic stocks. While the index was swayed by foreign trading, the returns on stocks heavily purchased by individual investors lagged behind those of foreign investors. Forecasts suggest that while the KOSPI is expected to attempt a rebound this week, driven by gains in U.S. semiconductor stocks, anxieties regarding AI investment must first subs…
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