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KOSPI Surges to New Highs

2 countries ๐Ÿ‡ฐ๐Ÿ‡ท ๐Ÿ‡ต๐Ÿ‡พ Technology

8 articles from 2 countries

South Korea's KOSPI index has surged past 7,800 points, reaching new highs fueled by a US semiconductor rally. Individual investors are increasingly participating, with some using borrowed funds amid FOMO fears.

๐Ÿ‡ฐ๐Ÿ‡ท South Korea/Korean

KOSPI Tumbles as Semiconductor Giants Face Headwinds; Over-reliance Cited

- The KOSPI index plummeted by 10.84%, nearing the 6000-point mark due to negative sentiment surrounding semiconductor stocks. - The index, which had previously surged on AI investment hopes centered on Samsung Electronics and SK Hynix, fell sharply as these two major players experienced adjustments. - Analysts suggest that the market's over-reliance on the '2-top' semiconductor structure amplifieโ€ฆ