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Kospi opens sharply lower on profit-taking after previous session's surge
The record surge followed a rally on Wall Street, as robust earnings from Amazon fueled investor optimism for the AI sector.
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Brokerages accused of merely following market after cutting forecasts in wake of Kospi tailspin
In the face of criticism that targets fail to reflect reality, analysts say they are hesitant to release estimates that dampen optimism.
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Seoul shares post record 18 percent jump to reclaim 6,500 point level on chip rally
Korean stocks staged their biggest one-day gain on strong chip shares after upbeat Microsoft earnings soothed worries over AI spending.
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SK hynix hits price limit, lifts Chey stake over 20 percent
The chip giant surged to its daily price ceiling on heavy foreign buying, boosting Chairman Chey Tae-won’s newly purchased shares by more than 20 percent in a day.
