Seoul Stocks Slide Nearly 4% on AI Jitters, Unrest in France
4 Articles
4 Articles
The domestic stock market closed down in the 3% range on the 20th. Although there were expectations that the KOSPI index would start higher driven by bargain buying in U.S. semiconductor stocks, the market gave back two days' worth of gains and barely held the 5,500 mark. The KOSPI index closed at 5,552.74, down 215.27 points (3.73%) from the previous trading day. After opening lower, the index widened its losses during the session, eventually f…
Seoul stocks slide nearly 4% on AI jitters, unrest in France
Korean shares plunged by nearly 4 percent Tuesday, as investors attempted to cash in recent gains in major chip shares amid persistent concerns over the artificial intelligence (AI) value chain. The Korean won was trading higher against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 215.27 points, or 3.73 percent, to 5,552.74 after declining as low as 5,493.24. The index opened 0.6 percent lower and extended its lo…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI plunged more than 3% to the 5,500 level amid simultaneous selling by foreign and institutional investors. It gave back all the gains it had barely managed to recover over the past two trading days in just one day. Political and fiscal instability in France and rising U.S. Treasury yields reignited concerns about the investment profitability of the artificial intelligence (AI) industry, leading to a…
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