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The benchmark KOSPI edged down to around 6,660 on Tuesday, extending its decline for a fourth straight session, as concerns over a slower pace of AI development triggered a selloff in global technology stocks, weighing on the broader KOSPI. Nvidia fell 3% while Broadcom and AMD dropped more than 4% overnight, raising c
The benchmark KOSPI fell more than 3% to around 6,685 on Monday, extending losses for a third straight session amid escalating Middle East tensions. Oil prices climbed above $100 a barrel as a vessel was struck in the Strait of Hormuz and Saudi Arabia shut its East-West crude pipeline following drone attacks, fueling c
The KOSPI fell more than 2% to around 6,850, with WTI above $100 and Brent above $107 as US 10-year yields hit their highest level since October 2023. Samsung Electronics and SK hynix led the decline; BOK signaled it will assess the timing and pace of further rate hikes.
FuelCell Energy said it secured its first order for FuelCell Energy Blocks for data center applications and lifted committed and awarded capacity backlog to $3.6 billion as of July 31.
South Korea’s KOSPI fell nearly 2% to around 6,570 for a second straight session as Samsung Electronics and SK hynix slid, with investors also looking to the Bank of Korea meeting on Thursday.
SK Hynix and Samsung Electronics fall in Seoul after reports that U.S. officials pressed South Korean chipmakers and the government to invest in U.S. memory-chip production.