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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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Korea output, spending and investment rebound, though recovery doubts linger
Industrial production, retail sales and facility investment all rose in June, though officials cautioned it is too early to call it a sustained recovery.
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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.
