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via economictimes.indiatimes.comMarkets

South Korean shares fall 2% as AI selloff weighs on global markets

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

South Koreas KOSPI fell 2.14% on Friday, heading for a second straight weekly decline as a global selloff in AI-related stocks weighed on sentiment. Samsung Electronics, Hyundai Motor and POSCO Holdings led losses, while foreign investors remained net sellers. The won…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe KOSPI decline reflects global risk aversion toward AI-linked stocks and continued net foreign selling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The KOSPI fell 2.14% on Friday, heading for a second straight weekly decline.
  2. 02Samsung Electronics, Hyundai Motor and POSCO Holdings led the losses.
  3. 03Foreign investors remained net sellers.
  4. 04The won strengthened against the dollar and government bond yields declined.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
KOSPIINDEX:KS11Index5,493.76+0.04%today -0.72%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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