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KRX:KOSPI News

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cnbctv

KOSPI slumps over 6% as Asian markets fall over AI worries

After a selloff in US chipmakers rekindled worries that the AI-driven rise has overtaken fundamentals, Asian markets declined.South Korea's KOSPI stumbled down the trading stairs, falling over 6% in early trade. Japan's coveted Nikkei 225 also fell, shedding over 2% of its value.The MSCI Asia Pacif…

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South Korean Exports Soar on AI Chip Boom — WSJ

By Julia Amann79%That's how much South Korea's exports jumped in June compared with a year prior, as the AI boom fueled demand for chips made by Samsung Electronics and SK Hynix.It marked the fastest expansion since October 1978, according to official data, and came as South Korean stocks wrapped u…

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dpa_afx

Asian Shares Mixed Amid Iran Tensions

CANBERA (dpa-AFX) - Asian stocks turned in a mixed performance on Wednesday as talks between the U.S. and Iran faced new hurdles, fueling inflation worries and increasing the likelihood of Federal Reserve interest-rate hikes.Iranian Parliament Speaker and chief negotiator, Mohammad Bagher Ghalibaf…

dpa-AFX en
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Asian Equities Slip 0.2% After Best Quarter in 17 Years; Kospi Drops 2.3% on Pension Rebalancing

According to Bloomberg, Asian equities edged lower as investors turned cautious after a rally in chipmakers and tech stocks helped propel them to their best quarter in 17 years. MSCI's regional equities gauge dropped 0.2%, snapping a two-day gain, with nine of 11 subgroups declining.Stocks in Japan…

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EconomyForexFuturesindexStocksUS
trading-economics

South Korean Shares Fall on Foreign Selling

The benchmark KOSPI slipped more than 1% to around 8,330 on Wednesday, reversing gains from the previous session, as persistent foreign selling continued to weigh on sentiment.The sell-off came as the Korean won remained near a 17-year low against the US dollar and overseas investors continued to r…

Trading Economics en
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