Seoul stocks fall over 3 pct on AI investment concerns
Briefing by News4U · First published
KOSPI dropped 3.52 percent to 5,533.77 as investors sold chip stocks after SK hynix ended its buyback program.
South Korean shares plunged more than 3 percent Thursday as investors took profits on major chip shares amid concerns over investments in the artificial intelligence value chain, Yonhap Business reported. [1]
The benchmark KOSPI fell 201.8 points, or 3.52 percent, to 5,533.77. Samsung Electronics declined 4.03 percent to 214,500 won and SK hynix dropped 5.49 percent to 1.22 million won. The Korean won strengthened 1 won to 1,324.2 against the dollar. [1]
Sources
- (2nd LD) Seoul stocks slide over 3 pct on profit-taking amid persistent AI woes
Yonhap Business · · Full text