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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
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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…
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Seoul shares plunge nearly 8% on tech sell-off amid renewed AI concerns
South Korean stocks dipped nearly 8 percent Thursday, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concern
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koreatimes.co.kr
KOSPI sinks below 8,000 on fears over slowing AI chip demand - The Korea Times
Seoul shares plunged Thursday, with the benchmark KOSPI falling below the 8,000 mark for the first time in about 15 trading sessions, as chip heavy...
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Seoul stocks plunge 8% as Samsung, SK hynix shares tumble - The Economic Times
South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand. The slide on the Kospi market…
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Samsung, SK Hynix shares crash up to 14% as Kospi’s massive bloodbath enters day 2
Samsung Electronics and SK Hynix shares plunged as much as 14% as South Koreas Kospi extended its sharp selloff for a second day. The decline was triggered by renewed concerns…
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upi.com
Seoul shares plunge nearly 8 pct on tech sell-off amid renewed AI concerns - UPI.com
South Korean stocks dipped nearly 8 percent Thursday, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concerns over excess…
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cryptobriefing.com
South Korea stocks slide amid concerns over AI investment sustainability
South Korea's KOSPI dropped 10% in a single session as AI trade concerns hit Samsung and SK Hynix. Foreign investors sold over $10B in shares during June.