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Global Market: South Korean Shares Fall as AI Trade Loses Steam, Investors Eye Jackson Hole
Summary by Times of India
2 Articles
2 Articles
Global Market: South Korean shares fall as AI trade loses steam, investors eye Jackson Hole
South Korean shares fell 1.07% on Friday, putting the Kospi on track for a second weekly decline as AI-trade enthusiasm weakened. Chip stocks led losses, while foreign investors remained sellers. Markets also turned cautious ahead of the Federal Reserve’s Jackson Hole symposium, amid concerns over US inflation and interest-rate policy.
·India
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According to ChainCatcher, citing Gate data, South Korean stocks fell on Friday, with the KOSPI index down 0.8% and down 1% so far this week. The AI trading frenzy cooled after Nvidia's earnings outlook. Samsung Electronics fell 2.2%, SK Hynix fell 1.8%, and LG Alcan fell 0.8%. Hyundai Motor and Kia rose 0.2% and 0.6%, respectively.
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Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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