South Korea’s Kospi Drops 6% After Record-High Tech Rally Reverses
South Korea’s Kospi fell 6% as investors sold AI-related technology stocks after the index briefly crossed 8,000.
kospi
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KOSPI Hits Record High as AI-Driven Chip Boom Fuels 37% Surge in Just Over a Month
South Korea’s KOSPI index surged 37% in just 34 days to a record high, driven by booming global demand for AI semiconductors. The rally added roughly $1 trillion in market value.
Oil Surges Toward $120 as Iran War Sends Global Stocks Tumbling
By
Nathan Cole
Oil prices surged toward $120 per barrel as the conflict involving Iran intensified fears of supply disruptions through the Strait of Hormuz. Global equity markets fell sharply as energy costs spiked.
Asian Markets Slide as KOSPI Plunges 11% and Thailand Triggers Circuit Breaker
Asian markets tumbled amid rising geopolitical tensions and energy supply fears. South Korea’s KOSPI plunged more than 11%, while Thailand halted trading after an 8% intraday drop.
South Korea Auto Stocks Jump After U.S. Confirms Tariffs Cut to 15%
South Korea auto stocks climbed over 4% after the U.S. confirmed a tariff cut to 15%, boosting Hyundai, Kia and the broader market.