South Korean Shares Fall 1.38% as US Election Caution Weighs
The KOSPI fell 77.71 points, or 1.38%, to 5,571.08 at 0154 GMT after erasing early gains, as investors turned cautious ahead of US midterm election results.
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02:24:15 AM UTC
SquawkNews
South Korean shares turn lower after opening gains, with artificial-intelligence stocks retreating, as investors brace for the outcome of the U.S. midterm elections. The benchmark Kospi is last 1.5% lower at 5565.55. Index heavyweights Samsung Electronics and SK Hynix, both suppliers of high-bandwi…
Round-up of South Korean financial markets:** South Korean shares erased early gains to turn sharply lower on Wednesday, as investors took a cautious stance ahead of the US midterm election results.** The benchmark KOSPI KRX:KOSPI was down 77.71 points, or 1.38%, at 5,571.08 as of 0154 GMT, after r…