Seoul shares fall over 3 pct on AI spending worries
Briefing by News4U · First published
Yonhap Business reported that South Korean stocks plunged more than 3 percent Tuesday, with the KOSPI closing at 5,648.79, down 210.29 points or 3.59 percent, driven by heavy tech sell-offs amid escalating concerns about massive artificial intelligence spending. Samsung Electronics fell 4.15 percent and SK hynix dropped 5.03 percent, while the Korean won rose 2.8 won to 1,341 against the dollar. [1]
Sources
- (2nd LD) Seoul shares dip over 3 pct amid escalating AI woes
Yonhap Business · · Full text