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South Korean shares fall over 5% on AI spending concerns and oil spike
South Korean shares declined significantly on Friday due to AI spending concerns. Mega US tech firms' moderation in AI outlays impacted Asian chipmakers' outlook. Oil prices exceeding $100 a barrel also contributed to the negative market sentiment. Major chipmakers like Samsung Electronics and SK Hynix experienced substantial losses. The benchmark KOSPI index triggered a trading curb, reflecting investor caution.
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economictimes.indiatimes.com
Timeline cronologica
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South Korean shares fall over 5% on AI spending concerns and oil spike
South Korean shares declined significantly on Friday due to AI spending concerns. Mega US tech firms' moderation in AI outlays impacted Asian chipmakers' outlook. Oil prices…
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South Korean shares turn lower as chipmakers fall ahead of earnings
South Korean shares turned lower on Monday as chipmakers fell. Samsung Electronics and SK Hynix declined ahead of their earnings reports. New AI initiatives were announced…