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The Latest Breaking News from South Korea

Samsung, SK Hynix Tumble in Seoul as China AI Breakthrough Weighs on AI Infrastructure Stocks

Seoul-listed shares of Samsung Electronics Co. and SK Hynix Inc. (NASDAQ:SKHY) fell sharply on Monday, extending last week’s sell-off and dragging South Korea’s benchmark KOSPI index lower, as investors continued to assess the implications of China’s latest AI advances.

Benzinga

Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts

Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning.

The Economic Times

South Korea's share market losses deepen as leveraged AI bets take a heavy toll

South Korean shares experienced a significant decline, triggering market-wide trading curbs. Investors are unwinding AI-linked trades, extending a sharp correction in the KOSPI index. This selloff highlights growing investor anxiety over leveraged bets on AI chipmakers. Markets also reacted to escalating Gulf conflict and rising oil prices. Major tech earnings…

The Economic Times

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South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing

Asian shares are mostly higher but South Korea's Kospi has fallen nearly 5% as investors unload more stocks linked to artificial intelligence

The Independent UK

How Korean stocks turned from trusty bellwether to AI frenzy

That volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distorted investors' views on fundamentals in South Korea, a market at the heart of the global AI boom.

The Economic Times

How a dispute over ecommerce firm Coupang is testing US-South Korea ties

South Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country's openness to American tech, raising worries the matter is impacting Seoul's relations with the U.S.

The Economic Times

Global Market Today: Asian shares hesitant as oil climbs, earnings loom

Asian markets showed hesitation as oil prices climbed due to escalating Gulf conflict. This surge revived inflation worries, influencing Federal Reserve rate hike expectations. Major tech earnings this week will test investor confidence in artificial intelligence stocks. South Korea's market experienced significant losses after retail investors were squeezed out. The…

The Economic Times

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Why the AI Chip Boom Just Forced South Korea to Raise Interest Rates

Bank of Korea hikes interest rates to 2.75% as massive AI semiconductor exports push inflation past 3%. See how the move will impact mortgage rates.

International Business Times

Faced with inadequate US healthcare, Black women fly to South Korea: ‘It could save your life’

Black women who feel minimized or dismissed in the US are traveling thousands of miles for South Korea’s patient-first approach

The Guardian - US

Celtic set for crucial meeting over Yang's Asian Games participation

South Korean football chiefs will meet with Celtic next week to decide on Yang Hyun-jun's timescale preparations for the Asian Games.

The National (Scotland)

AI Stock Losses Prompt Crackdown On Leveraged ETFs In South Korea

South Korean regulators freeze new single-stock leveraged tech ETFs and triple retail margin requirements after extreme "Roller KOSPI" volatility driven by retail AI bets decouples from Samsung and SK Hynix's stable earnings.

International Business Times

Why South Korea Just Banned New Leveraged ETFs for Samsung and SK Hynix

South Korea halts new leveraged ETFs for Samsung and SK Hynix to tame market volatility. See how new investor rules will impact tech trading.

International Business Times

New approach for survivors of sexual violence

In this edition: how Belgium is leading the way in treating survivors of sexual violence by offering a one-stop centre which provides them with access to medical, psychological and police support. Also, as South Korea is wrestling with a fertility crisis a group of monks at a local monastery are…

France 24

Here’s Why North Korea Keeps Failing To Make A Film Anyone Outside The Country Wants To Watch

He owned more than 15,000 films, personally ran his country's studios, and had the resources of an entire nation behind him. So why couldn't Kim Jong Il produce a single movie anyone outside North Korea wanted to see? Desperate, he resorted to kidnapping the talent he couldn't grow at home.

Bored Panda

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The Economic Times

Global Market: South Korea's AI-driven stock frenzy fuels volatility, challenges market fundamentals

The sharp swings have unsettled investors and regulators alike, with market movements increasingly driven by leveraged investment products rather than corporate fundamentals. The volatility has also complicated the assessment of South Korean equities, particularly as the country remains a critical supplier of AI-related semiconductor technology.

The Economic Times

How a dispute over ecommerce firm Coupang is testing US-South Korea ties

South Korea's fine on ecommerce firm Coupang has drawn significant US criticism. This dispute raises concerns about Seoul's openness to American technology companies. The issue is impacting broader bilateral relations and security negotiations between the two nations. South Korean officials maintain the fine was for a data leak, not discrimination.…

The Economic Times

Foreign inflows in Asian bonds surge to seven-month high in June

Asian bonds saw their largest foreign inflows in seven months during June. Lower oil prices and strong technology demand improved the region's economic outlook. Investors bought over eleven billion dollars in regional bonds, seeking safer fixed-income assets. South Korean and Indian bonds recorded substantial net foreign purchases. Indonesian bonds attracted…

The Economic Times

After record $29 billion selloff, FIIs buying India again. Chris Wood explains why

After a record $29 billion foreign selloff, FIIs have turned net buyers of Indian equities in July. Jefferies' Christopher Wood says the earlier outflows were driven by the AI-led rally in Korea and Taiwan, adding that sustained inflows will depend on the AI trade cooling or Indian valuations becoming more…

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The Economic Times

Global Market: How leveraged ETFs are amplifying the AI chip trading frenzy

Leveraged ETFs tracking AI chipmakers Samsung and SK Hynix have surged in South Korea. The SK Hynix-linked fund's assets have grown twentyfold this year, prompting regulators to curb promotional activity amid sharp volatility spikes tied to daily rebalancing.

The Independent UK

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Economic Times

South Korea-US team unveils robotic technology that dresses the wearer

The technology developed by researchers at South Korea's KAIST and Stanford University uses soft and flexible "vines" powered by air pressure embedded ‌in clothing. ⁠When pressurised, ⁠the vines glide the fabric up close to the wearer's body like an ivy plant climbing on a structure, even if the person does…

Benzinga

South Korea’s Extreme Market Volatility Triggers Intervention on Leveraged ETFs Tied to SK Hynix, Samsung

Seoul is tripling the cash Korean investors must hold to trade leveraged single-stock funds, an emergency attempt to contain the violent volatility that have triggered several emergency trading halts on the KOSPI index in recent weeks.

The Economic Times

Korean subscriber attacks stock YouTuber after losing money on investment

A South Korean man was arrested for allegedly attacking a stock YouTuber after reportedly suffering heavy investment losses from following the creator's recommendations. The incident has reignited concerns over the growing influence of online investment influencers and the risks of relying on unverified stock tips without independent research.

The Economic Times

Explained: 3 reasons why South Korea's Kospi crashed 6% today

South Korea's Kospi index experienced a significant decline of over six percent on Thursday. This downturn followed the Bank of Korea's first interest rate increase in three years. Major tech stocks like SK Hynix and Samsung Electronics saw substantial drops. Concerns are mounting over the impact of single-stock leveraged ETFs…

The Independent UK

Oil prices lower despite US intensifying strikes against Iran

Asian shares are mostly lower and oil prices have fallen despite back-and-forth strikes between the US and Iran

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