South Korea's Kospi falls 3.5% on Friday amid AI spending concerns
Briefing by News4U · First published
Sina Finance reported that South Korea's Kospi index fell 3.5% on Friday to 5730.74 points, triggering a circuit breaker after dropping more than 5% intraday, as investors questioned the returns on AI spending following disappointing U.S. tech earnings and lower-than-expected Intel forecasts. The index has declined 16% this month. October CPI is expected to ease slightly to 2.8% year-on-year from 2.9% in September, with the data due next Tuesday. [1]
Sources
- 韩国综合股价指数周五收跌3.5% 本月下跌16%
Sina Finance · · Full text