Seoul shares opened higher Thursday, with the KOSPI up 0.35% to 5,683.09, as investors sought bargains after a sharp decline amid AI spending concerns. The index had plunged 5.98% on Wednesday followi…
Samsung Electronics posted a record 89.5 trillion won ($61.9 billion) in operating profit for the second quarter, driven by the AI-driven memory boom, with revenue reaching 171.5 trillion won, up 28 p…
South Korean President Lee Jae Myung's government has launched an ambitious industrial policy strategy to promote semiconductors, AI infrastructure, robotics and other frontier industries, with combin…
More than $1 trillion in market capitalization was erased from global semiconductor and AI-hardware stocks between July 24 and July 29, with Nvidia, SK Hynix, Samsung Electronics and Micron accounting…
Asian semiconductor stocks plunged for a second straight day on Wednesday, with Seoul's Kospi index falling 12.6% at one point after SK Hynix reported record profits that missed investor expectations,…
Nvidia lost its position as the world's most valuable company as chip stocks dropped 13% in Asia and the US. South Korea's Kospi index was halted after an 8% slide and closed 10.8% lower, with Samsung…
Sixteen single-stock leveraged ETFs launched in South Korea in May, at the peak of an AI-driven memory chip boom, have amplified volatility in Samsung Electronics, SK hynix, and the broader Kospi inde…
Asian stock markets tumbled on Wednesday, with South Korea's Kospi falling over 8% after a 11% drop on Tuesday, driven by AI-related sell-offs and geopolitical tensions. Chip giants SK Hynix and Samsu…
Samsung Electronics is reportedly considering using cost-competitive Chinese-made DRAM chips to strengthen its position in China's entry- and mid-level smartphone market, according to South Korean med…
Shares in major chip firms fell sharply in the US and Asia as a sell-off in AI-related stocks deepened, with South Korea's Kospi index closing 10.8% lower after a temporary trading halt. The slump was…
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…
Apple became the second company to reach a $5 trillion market capitalization, hitting $5.04tn on Tuesday, as investors fled AI and semiconductor stocks amid a broader tech sell-off. The iPhone maker's…
The AI stock bubble is deflating, with chip stocks cratering globally Tuesday as investors fled the sector, sending South Korea's Kospi index down more than 10 percent and dragging the Nasdaq into cor…
A global semiconductor selloff deepened on July 28 as SK Hynix plunged 14.7% and Samsung fell 13.4% in Seoul, erasing 47% and 38% of their respective values since late June, while the PHLX Semiconduct…
A growing number of South Korean teenagers are skipping college to attend vocational semiconductor schools, with 96.4% of students at Chungbuk Semiconductor High School graduating with a job offer, ac…
Investors are rotating back into Alphabet stock after a chip stock rout, with shares closing above the key 200-day moving average on Monday and starting Tuesday above that level, according to Yahoo Fi…
Shares of major U.S. chipmakers Micron, Sandisk, and Intel are sinking in premarket trading after Asian chip stocks plunged, with SK Hynix falling over 14.6% and Samsung dropping over 13.3%, driven by…
A sharp sell-off in artificial intelligence stocks pushed South Korea's benchmark Kospi index to a three-month low on Tuesday, as Samsung Electronics and SK Hynix each plunged more than 10%. The decli…
Crypto-native retail traders are rotating capital from memecoins into AI and semiconductor stocks, with Upbit's daily trading volume plummeting nearly 80% year-over-year to $1.8B by November 2025 and …
The 60-day correlation between the US Nasdaq 100 and South Korea's Kospi has risen to about 0.50, the highest since 2021, according to data from Rayliant. Analysts warn that the increasing correlation…