South Korea’s KOSPI Opens Thursday Down 1.82% as Chip Stocks Fall
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8 Articles
South Korea ' s stock markets experienced a sharp collective decline during today ' s Thursdays, amid a wave of sales involving key indicators and major technology companies and semiconductors.
The KOSPI index opened 1.8% lower on the 5th. The resolution of election uncertainty following the Democratic Party's takeover of Congress in the previous day's U.S. midterm elections acted as a positive factor for the New York stock market. However, investor sentiment in the domestic market appears dampened due to concerns over tightening regulations on artificial intelligence (AI) data centers and the impact of net selling by foreign investors…
(Seoul = Yonhap News) Reporter Lim Eun-jin = The KOSPI started lower on the 5th.
On November 5, the KOSPI opened at 5,580.09, down 103.71 points (1.82%) from the previous close. Samsung Electronics and SK Hynix are showing declines in the 5% and 7% ranges, respectively. (Yonhap) On Thursday, November 5, the domestic stock market faced strong selling pressure immediately after opening. This was due to a sell-off centered on large semiconductor stocks, as the possibility of stricter regulations on technology stocks and AI dat…
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