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South Korea's KOSPI crashes nearly 8% on chip selloff
South Korean stocks experienced a sharp decline of nearly 8% on Thursday, hitting their lowest point in over three weeks. This downturn was primarily driven by a global selloff in chipmakers, triggered by Meta Platforms' plans to offer computing power, sparking concerns about AI capacity. The Korean won also weakened against the dollar, while bond yields saw an increase.
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economictimes.indiatimes.com
Global Market: South Korean shares end flat as chipmakers cut losses on 'mega project' announcement
South Korean markets saw a mixed close Monday as chipmakers recovered from initial sharp declines following a massive $576 billion AI and data centre investment announcement.…
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koreaherald.com
Kospi falls below 8,000 as AI demand fears hit chip stocks
South Korea's benchmark Kospi fell below the 8,000-point threshold during trading on Thursday, tracking an overnight sell-off in US technology stocks as investo
