South Korean stocks plunged over 4 percent on Thursday, driven by losses in tech shares and lingering doubts over AI profitability following a tech sell-off on Wall Street.
South Korean stocks plunged over 4 percent on Thursday, driven by heavy tech losses amid ongoing doubts regarding the profitability of AI investments, prompting a temporary trading halt.
South Korea's main and secondary stock markets experienced their steepest monthly declines since October 2008, with seven out of 10 listed stocks falling in July. The KOSPI tumbled 22.2% and KOSDAQ dropped 21.4%, impacting major biotechnology and content firms.
South Korean stock prices, led by chipmakers SK Hynix and Samsung Electronics, surged almost 18% on Friday, partly reversing a three-day rout. The rebound was fueled by strong earnings from US tech giants Amazon and Microsoft, boosting AI optimism, alongside regulatory measures to curb selling.
South Korean stocks opened sharply higher, with the KOSPI up 5.96%, driven by semiconductor gains from Samsung Electronics and SK hynix. Investors await upcoming earnings reports from major tech companies like Alphabet Inc., which will influence sustained market momentum.
South Korean stocks fell over 4% on Monday, with the KOSPI plunging due to renewed concerns over AI infrastructure spending after a new low-cost Chinese AI model emerged, coupled with escalating U.S.-Iran tensions in the Middle East.
Foreign investors were net sellers on South Korea's stock markets this month, offloading 12.1 trillion won on the main bourse, but remained net buyers of ETFs, including KODEX Leverage, to mitigate risk amid heightened market volatility and new government regulations.
South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations. Oil prices surged, strengthening the US dollar and increasing interest rate hike bets. Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.
South Korean stocks closed higher Friday, extending a winning streak to a second session, driven by a rally in semiconductor shares following overnight gains on Wall Street. The benchmark KOSPI rose 2.52%, with Samsung Electronics up 2.52%. The Korean won also gained against the U.S. dollar.
South Korean stocks closed higher Friday, extending a winning streak to a second session, driven by a rally in semiconductor shares following overnight gains on Wall Street. The benchmark KOSPI rose 2.52%, with a buy-side sidecar triggered due to the rapid climb.
South Korean stocks surged Friday morning, with the KOSPI index rising 3.48% to 7,545.51, driven by a strong semiconductor rally led by Samsung Electronics and SK hynix. This follows gains in U.S. markets.
South Korean stocks opened higher on Friday, with the KOSPI index rising 2.41% to 7,467.91, driven by gains in major technology companies like Samsung Electronics. This follows positive overnight performance on Wall Street, influenced by semiconductor shares and lower oil prices.
South Korean stocks surged at the opening bell Friday, with the KOSPI index jumping 3.57 percent. Gains were led by major technology companies like Samsung Electronics and SK hynix, mirroring overnight advances on Wall Street driven by semiconductor shares and falling oil prices.
ExxonMobil expects a $5 billion profit increase in Q2 due to rising oil prices and refining margins. Kuwait's budget deficit widened to $23.1 billion amid falling oil revenues. South Korean stocks fell sharply, led by semiconductor companies, amid AI spending concerns.
South Korea's benchmark KOSPI index plunged over 7% on Tuesday, erasing recent gains driven by AI optimism. Investors rushed to lock in profits after Samsung Electronics announced strong quarterly earnings, triggering a broad sell-off in tech stocks. The market experienced trading suspensions and significant drops in major companies like Samsung Electronics and SK Hynix.
South Korean stocks tumbled nearly 8% on Thursday, with the KOSPI index closing down 7.89% at 7,648.09. The sharp sell-off was driven by semiconductor shares, fueled by concerns over excess AI capacity and intensifying competition. The Korean won also weakened against the U.S. dollar.
South Korean stocks plummeted nearly 8% on Thursday, with the KOSPI index closing down 7.89% at 7,648.09. The sharp sell-off was driven by semiconductor shares due to concerns over excess AI capacity and intensifying competition.
South Korean stocks plummeted nearly 8% on Thursday, with the KOSPI index closing at 7,648.09. The sell-off was driven by semiconductor shares amid concerns over excess capacity and intensified competition, following reports about Meta Platforms and Apple Inc.
South Korean stocks closed more than 2% lower on Wednesday, as investors took profits after recent AI-driven rallies in semiconductor shares. Uncertainty over U.S.-Iran peace talks and a weakening Korean won also contributed to the decline.
South Korean stocks, led by chipmakers, fell over 2% as investors took profits from recent AI-fueled rallies, while the Korean won weakened against the dollar. This market downturn occurred amidst uncertainty surrounding fragile U.S.-Iran peace talks, despite record high exports for South Korea in June.
South Korean stocks closed down over 2% on Wednesday, as investors took profits after recent AI-driven rallies in semiconductor shares. Uncertainty surrounding U.S.-Iran peace talks also contributed to the decline, with the Korean won weakening against the U.S. dollar.
South Korean stocks (KOSPI) fell 0.2% to 8,394.65 on June 29 amid renewed U.S.-Iran ceasefire concerns and rising oil prices, led by tech share losses despite brief gains from Samsung & SK hynix investment plans.
South Korean stocks plunged nearly 6% on Friday, with the KOSPI index falling 5.81% to 8,411.21, as investors took profits after recent AI-driven rallies. Trading was halted briefly due to a circuit breaker.
South Korean stocks, led by the benchmark KOSPI, plunged nearly 6% due to profit-taking in AI-related shares after recent rallies. Foreign and institutional investors sold heavily, while individuals bought, amid concerns over high memory chip prices impacting demand and AI investment.
