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via economictimes.indiatimes.comMarkets

KOSPI drops another 5% as AI rout deepens

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA 5% slump in the South Korean index led by AI stocks is a significant market-moving move.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The KOSPI loses another 5% in one session.
  2. 02SK Hynix heads for its lowest close since April.
  3. 03Samsung and SK Hynix are down 22% and 35% respectively.
  4. 04Elice plunged as much as 32% in its Seoul trading debut.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
KOSPIINDEX:KS11Index5,530.48+0.16%today -4.12%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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