Kospi Falls 6% on 'Black wednesday'... Ai Bubble Theory Hits Hard Amidst the Burden of a Sharp Rise.

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = The KOSPI, which had been on a high throughout the second half of the year, repeatedly breaking all-time highs, plunged by around 6% during trading on the 5th...

ddaily.co.kr

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[Digital Daily Reporter Park Ki-rok] Perhaps it was because the market rose too quickly? The KOSPI was significantly pushed back by a surge of profit-taking by foreign and institutional investors, particularly in the semiconductor sector. On the domestic stock market closing on the 4th, the KOSPI index closed at 4,121.74, down 100.13 points (-2.37%) from the previous trading day. However, the KOSDAQ index, in contrast, closed at 926.57, up 12.02…

newstomato.com

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The index plunged as semiconductor profit-taking intensified.