Major chip stocks fell sharply in the US and Asia as investors sold AI-related shares. South Korea’s Kospi was briefly halted after an 8% drop, while Nvidia’s decline helped Apple regain the top spot.
South Korea's KOSPI index halted trading for 20 minutes on Monday after plunging over 8% due to renewed Middle East tensions following strikes between the US and Iran over the Strait of Hormuz. This marks the seventh circuit breaker activation this year.
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 Korea's KOSPI index triggered a circuit breaker on Tuesday, halting trading for 20 minutes as stocks plunged over 8% due to heavy losses in technology heavyweights. This is the sixth time this year the Korea Exchange has activated the measure.
Asian stock markets, led by technology firms, experienced a sharp decline Friday, with South Korea's Kospi halting trading. Investors are concerned about high valuations, rising component costs affecting Apple and Microsoft, and the massive investments in AI infrastructure.
South Korea's bourse operator, Korea Exchange (KRX), activated a sell-side sidecar for the benchmark KOSPI index on Friday, suspending program trading for five minutes, as the index sharply declined by 5.08% due to investors dumping big-cap technology shares.
South Korea's KOSPI index halted trading for 20 minutes on Tuesday after plunging over 8% due to foreign investors selling off tech heavyweights. This marks the fourth circuit breaker activation this year.
South Korea's Kospi index has become the world's 6th largest stock market, surpassing India, driven by AI chip demand. SK Hynix and Samsung Electronics' valuations have soared, but concerns about market concentration and potential AI bubble persist.
South Korea's KOSPI index triggered a sell-side circuit breaker for the second consecutive day on Monday due to a sharp decline, following Wall Street's fall amid inflation fears from the Middle East deadlock.
SEOUL, May 6 (Yonhap) -- South Korea's main KOSPI index broke above 7,000 for th...
