In a dramatic reversal from its recent historic bull run, the South Korean KOSPI index has plummeted nearly 8%, dipping below the 7,000-point mark (at the time of writing this article). This sudden decline stands in stark contrast to the index's performance over the past year, during which it more…
The Kospi Index is stuck in a local bear market after falling 21% from its year-to-date high. It ended the week at 7,475, down sharply from the year-to-date high of 9,387. This article highlights some of the top catalysts for South Korean stocks this week.Kospi Index to react to SK Hynix US IPOThe…
The benchmark KOSPI rose more than 4% to around 7,620 on Friday, extending gains from the previous session as chipmakers tracked an overnight rally in global semiconductor stocks.Tech shares led the advance, with Samsung Electronics climbing almost 4.0%, while Samsung Electro-Mechanics advanced ove…
The Kospi Index has retreated into a technical bear market after falling by 23% from its highest point this year. This sell-off continued today as it plunged to its lowest level since May 20th. So, will the blue-chip index fall further, or will it stage a comeback?Why the Kospi Index has plungedThe…
The benchmark KOSPI fell nearly 1% to around 7,590 on Wednesday, hitting its lowest level in a month as a broad sell-off in semiconductor stocks followed overnight losses on Wall Street.Chipmakers came under pressure after investors questioned the sustainability of the AI-driven spending boom despi…
By Amanda Cooper and Pete SchroederGlobal stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.The tech-heavy N…
By Chelsey DulaneyChip giant Samsung gave what was by all accounts a rosy update today, projecting a 19-fold surge in quarterly earnings.That wasn't enough to meet investors' lofty expectations. Samsung shares slid in South Korea, sending the benchmark Kospi index down nearly 5% and sparking a sell…
By Sherry QinSouth Korea's equity market tumbled briefly into bear-market territory, leading Asian stock markets lower as the chip-led artificial intelligence rally took a breather.The Korean stock market, which ranks among the world's best performing this year, was hit by profit-taking among heavi…
By Junko FujitaJapan's Nikkei share average closed 2% lower on Tuesday as semiconductor-related heavyweights fell after a drop in South Korea's Samsung Electronics sent the benchmark KOSPI tumbling.The Nikkei TVC:NI225 fell 2.12% to close at 68,256.96.The broader Topix index TSE:TOPIX ended 0.97% l…
Fierce rally has been swinging aggressively as the top-heavy market struggles to maintain balance.📉 Kospi Takes Another Hit🤖 AI Rally Takes a Breather🌏 Profit-Taking Spreads
Robotics and autonomous vehicle plays could be the next winners of the artificial intelligence trade, Raisah Rasid, global market strategist at J.P. Morgan Asset Management, said in a briefing. "AI is a story that is going to be here to stay for a long time," Rasid said. "Mass adoption rate is real…
By Sherry QinAsian stocks were mostly lower early Tuesday with South Korea again leading the losses, as the chip-led artificial-intelligence rally takes a breather.Seoul's benchmark stock index was dragged 5.9% lower by heavyweight chip-makers Samsung Electronics and SK Hynix, which tumbled 8.4% an…
South Korea is exploring the creation of a new investment fund backed by excess tax revenue from its booming semiconductor industry, as the government looks to redirect AI-driven chip profits into long-term economic growth. President Lee Jae Myung's chief of staff, Kang Hoon-sik, said the fund woul…
By Wayne Cole and Harry RobertsonU.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the f…
The benchmark KOSPI fell 0.46% to close at 8,051 on Monday, reversing gains from the previous session as technology stocks retreated amid renewed AI valuation concerns.Markets assessed whether heavy AI infrastructure spending would continue translating into strong profits following the sector's rec…
SAMSUNG TO SERVE CHIP TASTER FOR EARNINGS FEASTIt's been one of the quietest starts to a week in ages, with no new wars, or tariffs and much of the world watching the football.There has been no reported progress in U.S.-Iran peace talks, but at least the Strait of Hormuz is partly open. The UKMTO c…
By Wayne ColeAsian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-I…
By Wayne ColeAsian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the…
South Korea’s Kospi jumped as much as 2.7% on Monday, led by chipmakers Samsung Electronics and SK Hynix ahead of closely watched earnings. The index briefly traded above 8,300 points before easing toward 8,150, according to BeInCrypto, while Japan’s Nikkei 225 rose 0.73% and broke above 70,000 as…
By Wayne ColeAsian share markets were mostly firmer on Monday, as Wall Street futures started the week with gains on hopes for an upbeat earnings season, while easing oil prices promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran peace talks…
