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Global Market: AI boom turns turbulent as South Korea stocks slide into bear market
South Korea's KOSPI has entered bear market territory after falling about 25% from its late-June record high, following a spectacular AI-driven rally. Reuters said the correction highlights risks from the market's heavy reliance on semiconductor stocks and leveraged retail trading.
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economictimes.indiatimes.com
Korea’s Kospi crashes 6%, nosediving 25% from June peak. What’s rattling investors today?
South Korea's benchmark Kospi index plunged 6% on Monday as rising tensions in the Gulf and soaring oil prices rattled global markets. The selloff, led by sharp declines in…
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thehindubusinessline.com
South Korean shares sink over 5% as chipmakers slide on AI concerns
South Korean shares plunge over 5% as chipmakers falter amid AI concerns, triggering trading curbs on the KOSPI.
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South Korea's Kospi crashes 5% again, plunges 31% in one month. Is the AI frenzy over?
South Korea's Kospi plunged 5% on Tuesday, extending its two-day decline to nearly 14% and taking the index into bear market territory. The benchmark has fallen over 31% from its…
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Global Market: AI boom turns turbulent as South Korea stocks slide into bear market
South Korea's KOSPI has entered bear market territory after falling about 25% from its late-June record high, following a spectacular AI-driven rally. Reuters said the correction…
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Korea’s AI stock rout is becoming a lesson in leveraged excess
South Korea's AI stock boom is now a cautionary tale of leverage's power. SK Hynix's plunge triggered billions in stock sales, deepening the Kospi's slide. Leveraged products and…
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swissinfo.ch
Asian Stocks Drop as Kospi Hit by Selloff in Chips: Markets Wrap
(Bloomberg) -- Semiconductor stocks tumbled across Asia, dragging regional equities lower, as investors became more skeptical that the artificial intelligence-driven rally can…
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Explained: 3 reasons why South Korea's Kospi crashed up to 8% today
South Korea's Kospi slumped as much as 8%, briefly triggering a sidecar trading curb, as a Bank of Korea rate hike, a sharp sell-off in AI chip giants Samsung Electronics and SK…