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South Korean shares fall as chipmakers track US tech slump

SEOUL: Round-up of South Korean financial markets: South Korean shares fell sharply on Thursday, as chipmakers tracked overnight losses in US tech stocks after the US midterm election results raised worries about a slowdown in AI investment. The benchmark KOSPI was down 227.68 points, or 4.01%, at 5,459.70 as of 0157 GMT. It fell more than 5% earlier in the session, triggering a “sidecar” trading curb. Wall Street closed sharply higher on Wednesday as Democrats’ sweeping midterm election victor

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Originally published byBusiness Recorder 2h ago · brecorder.com
Read full report at Business Recorder

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