Global Market: South Korean Shares Rebound, but Head for Biggest Weekly Loss in 18 Years
7 Articles
7 Articles
KOSPI's biggest October rout problem: No one left to buy the dip
Korean stocks may be facing a more troubling sell-off than July's rout, as a shrinking pool of buyers struggles to absorb foreign selling pressure, analysts said Sunday. KOSPI fell for seven straight sessions through Thursday, losing 20.7 percent and falling to 5,554.22. The benchmark rebounded 2.05 percent Friday, but Korean stocks were hit particularly hard in Asia's broader sell-off. The slump comes less than three months after the benchmark …
(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Over the past week, the South Korean stock market seemed to be reliving the nightmare of the global semiconductor correction that hit the world in July of this year...
Global Market: South Korean shares rebound, but head for biggest weekly loss in 18 years
South Koreas KOSPI rebounded 2.36% on bargain hunting after a steep selloff, but remained on track for its biggest weekly decline since October 2008. Concerns over AI investment sustainability and continued foreign selling weighed on investor sentiment.
As the KOSPI plummeted amid growing doubts about the profitability of artificial intelligence (AI) investments amidst persistent high inflation, the KOSPI...
Plunge on US inflation concerns and AI investment worries... Rebounds later in the week
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