KOSPI Falls Below 6,700 on AI Growth, Oil, Rate Concerns

KOSPI falls below 6,700 on AI growth, oil, rate concerns

The KOSPI fell below 6,700 Monday as concerns over a possible slowdown in AI development triggered heavy foreign selling, with high oil prices and elevated interest rates adding to investor unease. The benchmark index closed at 6,684.37, down 3.26 percent from the previous session. It opened 3.14 percent lower and fell as much as 3.69 percent to 6,654.82 in mid-morning trading but slightly closed the gap. Foreign and institutional investors sold…

KOSPI Sinks 3.26% as Rate Fears, Oil Prices and AI Slowdown Worries Rattle South Korea's Chip Stocks

South Korea's KOSPI fell 3.26% for a third consecutive session, dragged lower by technology stocks as AI spending concerns, rising oil prices and US rate expectations weighed on investors.

KOSPI’s Loss Deepens to 3.3% as SK Hynix Falls 6.4%

South Korea’s KOSPI was down 3.28% at 6,683.56 in delayed quotes stamped 3:09 p.m. KST Monday, with SK hynix falling 6.40% and Samsung Electronics losing 3.85%. The index had been down 2.5% about an hour earlier, making the late-session acceleration the day’s most important change. The KOSPI quote stood 226.35 points below Friday’s close and…