The benchmark KOSPI fell more than 4% to around 6,300 on Monday, reversing gains from the previous session as investors locked in profits.Profit-taking followed the index's roughly 17% surge on Friday, its biggest one-day gain on record, with heavyweight chipmakers giving back part of their sharp g…
According to Yonhap, South Korea's stock markets suffered their sharpest monthly declines since the 2008 global financial crisis in July, with seven out of 10 listed stocks falling and the KOSPI and KOSDAQ both losing more than 20%. A total of 1,859 stocks closed below end-June levels, accounting f…
The benchmark KOSPI soared more than 15% to around 6,450 on Friday, rebounding sharply from the previous session as a global technology rally lifted semiconductor stocks.Sentiment improved after Microsoft's stronger-than-expected earnings and robust Azure growth eased concerns over AI spending, fue…
The benchmark KOSPI rose more than 4% to around 5,890 on Thursday, recovering part of the previous session's losses as Samsung Electronics rallied after reporting record quarterly earnings.Samsung climbed nearly 3% after posting stronger-than-expected results, with record semiconductor operating pr…
Samsung Electronics (SSNLF), a major South Korean memory-chip producer, fell 13.4% on Tuesday, while SK Hynix (HXSCL), a leading supplier of high-bandwidth memory chips used in AI systems, dropped 14.7%. Samsung recorded its worst one-day decline in almost two decades, while the combined selloff he…
South Korea's Kospi index declined 10% on July 28 amid heavy selling of chipmaking stocks such as SK Hynix (SKHY) as fears rise of an artificial intelligence (A.I.) bubble.Trading was temporarily halted on the Kospi as the index fell to its lowest level since April of this year and ended up closing…
The benchmark KOSPI plunged more than 8% to around 6,210 on Tuesday, retreating to an over three-month low, as a deepening global semiconductor selloff battered heavyweight chipmakers and fueled broad risk aversion.SK Hynix tumbled over 10% after its US-listed shares fell below their IPO price, whi…
The benchmark KOSPI fell more than 1% to around 6,620 on Monday, extending losses from the previous session as weakness in US technology stocks continued to weigh on investor sentiment.The decline followed another selloff on Wall Street, with investors staying cautious ahead of major US technology…
The benchmark KOSPI rose more than 3% to around 7,035 on Thursday, rallying for a third straight session as technology stocks advanced.Investor sentiment was buoyed by renewed optimism over artificial intelligence after Alphabet reported better-than-expected quarterly revenue, driven by strong clou…
The benchmark KOSPI rose more than 3% to around 6,720 on Tuesday, rebounding from an almost three-month low as bargain hunting emerged in beaten-down technology stocks following last week's sharp selloff.Samsung Electronics and SK Hynix led the recovery, advancing over 4% and 3%, respectively.At th…
Korean stocks tumbled again on Monday, led by declines in chip giants Samsung and SK Hynix, setting the stage for another bout of the recent yo-yo trade, where weakness in Korean chip stocks spills over to U.S. semiconductor names and back again, ahead of a key week of U.S. tech earnings.South Kore…
The benchmark KOSPI fell more than 3% to around 6,605 on Monday, extending losses to its lowest level since late April, as weakness in global semiconductor stocks weighed on investor sentiment.The decline followed another week of losses on Wall Street, where semiconductor shares remained under pres…
The benchmark KOSPI plunged nearly 7% to around 6,780 on Thursday, erasing gains from the previous session and approaching an over two-month low, as a global semiconductor selloff pressured technology shares.The decline followed overnight losses in US chipmakers, which reignited concerns over AI va…
SK Hynix (HXSCL), a South Korean memory-chip producer at the center of the artificial intelligence hardware supply chain, recorded a 15% plunge on Monday, forcing leveraged products tied to the company to sell billions of dollars of shares. The selling pressure appears to have accelerated a broader…
SK Hynix (HXSCL), a South Korean memory-chip company and a major beneficiary of the artificial intelligence boom, recovered from an early decline of as much as 9% to rise more than 2% in Seoul on Tuesday. The drop would have taken the stock's two-day loss beyond 20%, following a 9.3% overnight decl…
SK Hynix (SKHY) recovered from a sharp intraday decline to finish Tuesday's session little changed after heavy buying emerged following a broad selloff in AI-related semiconductor stocks. The rebound came after the memory chip maker had dropped as much as 9% early in trading, extending pressure fro…
The benchmark KOSPI rose 0.73% to close at 6,857 on Tuesday, recovering modestly from an over two-month low as heavyweight technology stocks rebounded.SK Hynix and Samsung Electronics climbed 3.74% and 3.63%, respectively, helping lift the broader market after the previous session's technology-led…
The benchmark KOSPI slipped nearly 3% to around 6,610 on Tuesday, extending losses to its lowest level since late April amid renewed selling in heavyweight chipmakers.SK Hynix fell roughly 8% after its US-listed shares tumbled 9.3% overnight, while Samsung Electronics dropped more than 2%.Other not…
SK Hynix (HXSCL), a South Korean memory-chip maker and major supplier of high-bandwidth memory for NVIDIA's artificial-intelligence processors, recorded its largest-ever decline of 15% on Monday as investors reassessed the strength of South Korea's AI-driven stock rally. The selloff pushed the Kosp…
The South Korean equity market has transformed from one of the world's standout performers into a hotbed of volatility, as a dramatic roller-coaster ride for the benchmark KOSPI index highlights growing anxieties over the global artificial intelligence trade and escalating macroeconomic risks.The K…
