KOSPI falls 3.48% as US tech earnings fuel AI investment concerns

Korea Times News ·
Economy Markets South Korea
South Korea

KOSPI fell more than 3 percent Friday as losses in U.S. technology stocks and concerns over returns on artificial intelligence (AI) investments triggered selling in heavyweight chipmakers Samsung Electronics and SK hynix. The benchmark index ended at 5,730.74, down 206.92 points, or 3.48 percent. It opened 2.99 percent lower at 5,760.35 and extended its losses during the session. The sharp…

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