South Korea's benchmark KOSPI index cratered in late July 2026, erasing approximately $2.18 trillion in market value over two sessions and posting its steepest monthly decline on record, after more th…
South Korea's KOSPI index plunged 10.8% on July 28 to close at 6,023.66, its steepest single-day drop in nearly five months, as Samsung Electronics and SK Hynix shares fell 13.4%-14.7%, erasing months…
Morgan Stanley upgraded South Korean equities to overweight, citing a leverage washout as a buying opportunity for AI-linked and industrial stocks, and maintained a KOSPI target of 9,000. The firm's t…
South Korea's exports surged 62.8% in July to $98.89 billion, beating economist forecasts, driven by a 179% jump in semiconductor exports and a 404% surge in computer exports, according to preliminary…
SK Hynix reported a record second-quarter operating profit of 60.54 trillion won, up 557% year-over-year, with revenue of 79.32 trillion won and an operating margin of about 76%, yet its stock sold of…
Bitcoin slipped below $63,000, shedding 3% in 24 hours, as a one-day relief rally in AI chip stocks fizzled, dragging crypto lower amid extreme fear. The Fear & Greed Index reads 25, down from 28 a we…
All three major US indices climbed on a semiconductor-fueled rally after South Korea's KOSPI recovered from a dramatic selloff, with chip stocks leading the charge. Samsung Electronics and SK Hynix re…
South Korea's KOSPI index posted its largest single-day gain in history on Friday, jumping 1,001.89 points, or 17.91%, to close at 6,595.45, as SK Hynix surged 29.95% and Samsung Electronics climbed 2…
SK Hynix surged nearly 13% and Samsung Electronics climbed approximately 8% on July 15, lifting the KOSPI index by 6.24% to close at 7,284.41, as renewed optimism around high-bandwidth memory chips fo…
US stock futures rose Friday, with Nasdaq-100 contracts up 1.2%, as Big Tech earnings revived optimism in the AI trade after South Korea's KOSPI jumped 14% overnight. Amazon shares jumped 10% in prema…
South Korea's KOSPI index surged 18% as investors returned to AI-related stocks, led by SK Hynix and Samsung Electronics, which staged strong recoveries after a punishing sell-off earlier in the week,…
South Korea's benchmark KOSPI surged 15 percent on Friday, after jumping as much as 17 percent earlier, following comments from Microsoft and Amazon that they plan to continue spending on AI infrastru…
Asia-Pacific equities rose on strong U.S. tech earnings, with South Korea's KOSPI climbing over 3% and the MSCI Asia-Pacific index outside Japan gaining about 1%, driven by AI and semiconductor sector…
Korean stocks opened sharply higher Friday, with the KOSPI adding 1.15 percent to 5,657.79, driven by gains in semiconductor shares after Microsoft's strong earnings report. Microsoft jumped 15 percen…
South Korea's KOSPI index lost approximately $2.18 trillion in market value over July 28-29, plunging nearly 40% from its peak in just over a month, as an AI-stock unwind crushed leveraged retail inve…
South Korea's stock market has lost about $2.18 trillion in value over two sessions, with the benchmark KOSPI index dropping as much as 12.6% on Wednesday before closing down 6%, extending Tuesday's n…
SK Hynix reported Q2 2026 operating profit of KRW 60.54 trillion, a 557% surge from a year earlier, but missed analyst expectations of KRW 64 trillion, causing shares to slump 9.6% to 13% on the Korea…
Seoul shares plunged nearly 6% Wednesday, extending a rout driven by investor skepticism over whether massive AI spending will yield sufficient returns, with the KOSPI falling 360.42 points to 5,663.2…
The Korea Exchange (KRX) activated a sell-side sidecar for the KOSPI on Wednesday after the index fell more than 4.5%, suspending program trading for five minutes around 10:55 a.m. The decline was dri…
Seoul shares opened sharply higher Wednesday, with the KOSPI rising 2.23 percent to 6,157.90, as investors went bargain hunting after a 10.84 percent plunge the previous session driven by a sell-off i…