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KOSPI plunges 6 percent after first intraday break above 8,000, triggers sell sidecar
South Korea\'s KOSPI on Thursday briefly broke above the 8,000 mark for the first time before reversing sharply and ending below 7,500. The index closed down 6.12 percent at 7,493.18 as profit-taking pressure grew after a rapid rise, while Middle East tensions, rising U.S. and Japanese rates and a weaker won weighed on sentiment. The Korea Exchange activated a sell sidecar, temporarily halting program sell orders.
Finance
KOSPI breaks through 8,000 for first time on AI chip rally
South Korea\'s KOSPI index crossed the 8,000 mark for the first time intraday on May 15, extending a rally led by large chipmakers such as Samsung Electronics and SK Hynix. The index has risen about 21 percent in May after first clearing 7,000 on May 6. The move is underpinned by expectations of stronger AI-related memory demand, though heavier dependence on chip bellwethers could increase volatility.
Finance
KOSPI closes at record high of 7,844
South Korea\'s KOSPI opened lower on Tuesday but turned higher during the session and ended in the 7,800s, setting a record closing high. The benchmark rose 200.86 points, or 2.63 percent, to 7,844.01. Foreign investors net sold 3.72 trillion won as the dollar-won rate climbed to the 1,490 won range, while individuals and institutions bought. Auto and chip shares led gains.
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Industry
Qualcomm to ship data centre chips this year; shares jump 16 percent after hours
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Finance
Korean stocks seek rebound despite Middle East risks; semiconductors in focus
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AI & Enterprise
Science ministry unveils physical AI integrated platform at KAIST
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Industry
Trump launches Section 301 probe into 16 economies, cites evidence of overcapacity in South Korea
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Finance
Samsung Active Asset Management lists KoAct Kosdaq Active ETF
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Finance
Semiconductors and value-up usher in 6,000 KOSPI era, risk management key task
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Finance
KOSPI surges past 6,300 a day after closing above 6,000 for first time
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Finance
South Korean stocks shaken by U.S. Supreme Court ruling on reciprocal tariffs
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AI & Enterprise
AI data centers to absorb up to 70 percent of global memory in 2026, consumer products left behind
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Industry
Korea IoT market accelerates shift to ODM model, Quectel offers end-to-end support
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Industry
U.S. Supreme Court ruling on Trump tariffs nears, raising questions over impact
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Industry
Yeo Han-ku says he will open an era of exports for all