KOSPI rallies over 2% as investors look past US tech rout

Korea Times News ·
Economy Markets South Korea

KOSPI rose more than 2 percent Monday, as institutional buying helped stocks rebound from early losses, shrugging off lingering concerns over the profitability of artificial intelligence (AI) investments. The benchmark closed at 5,859.08, up 2.24 percent. It opened 1.62 percent lower before reversing course as institutional investors stepped up purchases. Institutional investors bought a net 1.36…

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