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Search results for March 4

Finance

Kosdaq breaks below 1,000 for first time in 3 months after 5 percent drop

South Korea\'s Kosdaq index fell more than 5 percent in intraday trading on Thursday, breaking below the 1,000 level for the first time in three months. As of 10:08 a.m., the Kosdaq was down 54.31 points, or 5.17 percent, at 995.42. The index opened down 14.51 points, or 1.38 percent, at 1,035.22 and extended its losses. It last dipped below 1,000 intraday on March 4.

AI & Enterprise

National AI Strategy Committee releases nine months of results in action plan and budget

South Korea\'s National Artificial Intelligence Strategy Committee on Sunday released key results since its launch in September. It said it became a statutory body in January after the AI Basic Act took effect and now runs 10 subcommittees, two special committees and a task force. The committee cited work including a government-wide AI action plan, responses to national issues, integrated disclosure of government AI budgets and deeper AI cooperation with the UAE.

Finance

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.