The Direxion Daily South Korea Bull 3X Shares (KORU), a leveraged exchange-traded fund that tracks 3x the daily performance of the MSCI Korea Index, is up nearly 8% in the overnight session late Sunday even as the country’s benchmark index KOSPI was down about 5% at the open in Asian markets on Mon…
Bitcoin BITSTAMP:BTCUSD posted lower return volatility than South Korea’s benchmark stock index this year, Bloomberg data shows. A national stock gauge just out-swung crypto’s most-watched asset.By comparison, the KOSPI’s daily returns swung 63% from their average pace this year. Bitcoin’s swung ju…
According to Yonhap, South Korea's KOSPI was down sharply late Monday morning as investors took profits from tech heavyweights after the previous session's record surge. The benchmark index fell 216.06 points, or 3.28%, to 6,379.39 as of 11:20 a.m. after opening weaker and extending losses on selli…
Samsung Electronics (SSNLF), a South Korean producer of memory chips, smartphones and consumer electronics, soared approximately 27% during Friday's Seoul session as Korean AI-chip stocks staged a record rebound. SK Hynix NASDAQ:SKHY, a South Korean memory-chip manufacturer supplying NVIDIA, climbe…
Samsung Electronics (SSNLF), a South Korean producer of semiconductors, smartphones and electronic products, dropped 5.2% in Wednesday's Seoul trading after falling as much as 14% during a broader unwinding of leveraged AI-related investments. SK Hynix (HXSCL), another major South Korean memory man…
Key points:Korea sees two-day, $620 billion wipeoutKorean equities saw the second day of a historic sell-off on Wednesday with market-wide circuit breakers again halting trading. Combined with Tuesday’s drop, the KOSPI has now shed nearly 17%, wiping out $620 billion in market capitalization. This…
The Direxion Daily South Korea Bull 3X Shares (KORU), a leveraged exchange-traded fund that tracks 3x the daily performance of the MSCI Korea Index, plunged nearly 20% overnight after falling nearly 18% at close amid a global selloff in technology stocks.South Korea’s stock markets declined for a s…
South Korea’s KOSPI Composite Index tumbled 8% on Wednesday, extending the previous session’s nearly 11% slump and falling to its lowest level since early April as the selloff in semiconductor stocks intensified amid mounting concerns over artificial intelligence spending and elevated valuations.Am…
The benchmark KOSPI fell more than 2% to around 5,895 on Wednesday, reaching its lowest level in over three months, as semiconductor concerns continued to weigh on investor sentiment.Investors remained cautious over AI infrastructure spending, elevated semiconductor valuations, and intensifying com…
Bitcoin (BTC) hit ten-day lows at Tuesday’s Wall Street open as BTC price action followed a US stocks sell-off.Key points:Semiconductor giants fuel major Asia stock comedownSemiconductor-led losses from Asia spilled over into US trading. South Korea’s KOSPI Index finished the day down 10.8% in a si…
The Direxion Daily South Korea Bull 3X Shares (KORU), a leveraged exchange-traded fund that tracks 3x the daily performance of the MSCI Korea Index, plunged over 15% in the overnight session on Monday amid a global chip sell-off due to concerns over AI spending sustainability.The KOSPI was down ove…
The benchmark KOSPI rose 0.97% to close at 6,756 on Monday, recovering part of the previous session's losses as optimism over major AI cooperation agreements boosted technology shares.Investor sentiment improved after South Korean firms announced a series of AI partnerships with global technology c…
South Korean stocks fell sharply Friday as investors reduced exposure to semiconductor shares following overnight weakness among U.S. chipmakers, the approaching market debut of a Chinese competitor, and rising tensions in the Middle East. The benchmark Kospi dropped as much as 6.1%, while Samsung…
The benchmark KOSPI slipped more than 2% to around 6,920 on Friday, snapping a three-day rally as escalating tensions in the Middle East dampened investor sentiment.Brent crude climbed above $100 per barrel after reported attacks on Saudi oil tankers, while US President Donald Trump said he was con…
The benchmark KOSPI climbed nearly 6% to around 7,130 on Wednesday, extending gains from the previous session as a rebound in global semiconductor stocks boosted investor sentiment.The rally followed strong gains in US chipmakers, with investors rotating back into AI-related stocks after upbeat cor…
South Korea's stock market has generated substantial returns this year, but investors have faced unusually sharp price swings as the AI-driven chip rally reshapes the benchmark Kospi Index. Return volatility on the Kospi exceeded 60% as of July 20, nearly twice the level recorded by Japan's Nikkei…
The benchmark KOSPI climbed more than 6% to around 7,300 on Wednesday, extending gains from the previous session amid a global technology rally.Softer-than-expected US inflation data boosted semiconductor stocks and reduced expectations of near-term Federal Reserve tightening, supporting risk appet…
The benchmark KOSPI rose 0.5% to around 6,840 on Tuesday, edging higher after hitting an over two-month low in the previous session as bargain hunting emerged following a sharp selloff in AI-related chipmakers.Heavyweight technology stocks led the recovery, with Samsung Electronics and SK Hynix adv…
The benchmark KOSPI fell more than 3% to around 7,220 on Monday, reversing gains from the previous session, as renewed US-Iran military strikes and a surge in oil prices dampened global risk appetite.Tehran claimed it had closed the Strait of Hormuz, raising concerns over potential disruptions to o…
South Korea's dominance in artificial intelligence memory chips is no longer just driving stock market gains.The country's semiconductor boom is now reshaping its economy, consumer spending, labour market and even its dating culture, creating a new generation of wealthy technology workers while rai…
