Seoul stocks sank for the second consecutive session on Friday amid fears that a Democratic Congress could decelerate the pace of data center construction for artificial intelligence.
The Korean won was trading sharply lower against the US dollar.
The benchmark Korea Composite Stock Price Index closed down 324.11 points, or 6.02 percent, at 5,059.69, falling as low as 4,911.28.
On Thursday, the index plunged over 5 percent.
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Seoul stocks crash for 2nd day on AI rout after US midterms
Seoul stocks sank for the second consecutive session on Friday amid fears that a Democratic Congress could decelerate the pace of data center construction for artificial intelligence. The Korean won was trading sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index closed down 324.11 points, or 6.02 percent, at 5,059.69, falling as low as 4,911.28. On Thursday, the index plunged over 5 percent. The index had plummeted over 8 percent right after the opening bell, tri
Seoul stocks sank for the second consecutive session on Friday amid fears that a Democratic Congress could decelerate the pace of data center construction for artificial intelligence. The Korean won was trading sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index closed down 324.11 points, or 6.02 percent, at 5,059.69, falling as low as 4,911.28. On Thursday, the index plunged over 5 percent. The index had plummeted over 8 percent right after the opening bell, tri
6 days ago · koreaherald.com · You are reading this one
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Seoul stocks opened sharply lower Friday, tracking an overnight rout on Wall Street as investors feared a Democratic sweep in Congress could decelerate the data center build-out. The benchmark Korea Composite Stock Price Index was down 460.33 points, or 8.55 percent, to 4,923.47 as of 9:25 a.m. After opening over 2 percent lower, Seoul's bourse operator had issued a circuit breaker soon after the opening bell, suspending trading for 20 minutes, as the benchmark index came under heavy selling pre
6 days ago · koreaherald.com
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South Korean stocks plunged more than 5 percent Thursday as the Democratic Party's landslide in the US midterm elections sparked concerns over tighter regulations on artificial intelligence investments. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 300 points, or 5.28 percent, to close at 5,383.80. After opening 1.82 percent lower, the index extended losses in the morning, and the bourse operator activated a sell-side sidecar at 10:16 a.m. to
7 days ago · koreaherald.com
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South Korean stocks started lower Thursday as the U.S. midterm elections ended with a Democratic Party victory, raising concerns over tighter artificial intelligence regulations. The benchmark Korea Composite Stock Price Index fell 103.71 points, or 1.82 percent, to 5,580.09 at the opening bell. US stocks finished higher as the Dow Jones Industrial Average rose 3 percent, and the S&P 500 gained 1.6 percent. The tech-heavy Nasdaq Composite added 1.4 percent. However, the PHLX chip index fell 3.1
7 days ago · koreaherald.com
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South Korean stocks plunged more than 5 percent Thursday as the Democratic Party's landslide in the U.S. midterm elections sparked concerns over tighter regulations on artificial intelligence (AI) ...
7 days ago · upi.com
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South Korean stocks closed slightly higher Wednesday as early results from the US midterm elections pointed to Democratic victories in both chambers of Congress. The local currency was trading lower against the US dollar. Swinging between gains and losses, the benchmark Korea Composite Stock Price Index finished at 5,683.80, up 35.01 points, or 0.62 percent. After starting 2.43 percent higher, the KOSPI turned lower around 10:11 a.m. and fell as low as 5,421.72 at 12:45 p.m. as vote counting in
8 days ago · koreaherald.com
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South Korean stocks started sharply higher Wednesday, driven by gains in tech shares as investors awaited results from the U.S. midterm elections. The benchmark Korea Composite Stock Price Index rose 124.21 points, or 2.2 percent, to 5,773 as of 9:15 a.m. Overnight on Wall Street, the tech-heavy Nasdaq gained 0.83 percent on strong chip shares and the S&P 500 climbed 0.36 percent. The PHLX chip index climbed 2.63 percent. Voting in the US midterm elections started Tuesday, which could reshape th
8 days ago · koreaherald.com
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South Korean stocks started sharply lower Tuesday, weighed down by lingering concerns over massive spending on artificial intelligence infrastructure ahead of the US midterm elections. The benchmark Korea Composite Stock Price Index fell 196.71 points, or 3.36 percent, to 5,662.37 as of 9:15 a.m. Overnight, US stocks closed mixed as investors were focused on the US midterm elections on Tuesday (US time). The tech-heavy Nasdaq Composite and the S&P 500 closed 1.07 percent and 0.51 percent lower,
9 days ago · koreaherald.com
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Seoul stocks opened lower Monday weighed down by declines in US tech shares amid concerns over massive investments in artificial intelligence . The benchmark Korea Composite Stock Price Index was down 51 points, or 0.89 percent, to 5,679.74 as of 9:15 a.m. Major stock indexes on Wall Street closed lower Friday (US time), following disappointing quarterly earnings from Intel and Amazon, which amplified growing concerns over the sustainability of AI spending. The S&P500 fell 1.82 percent, and the
