[COVER STORY] Black Thursday: KOSPI plunges 7% amid AI spending fears

Korea Times News ·
South Korea

Korean stocks plunged 7.57 percent and shed nearly 400 trillion won ($297.7 billion) in market capitalization Thursday, amid concerns over the sustainability of artificial intelligence (AI) spending and the outlook for the semiconductor sector. The benchmark KOSPI closed at 5,554.22, down 7.57 percent. A sell-side sidecar was triggered at 9:07 a.m., marking the 27th activation this year, followed…

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