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FDI notifications in Korea rise 10.8 % in Q3

Foreign direct investment (FDI) notifications in Korea rose 10.8 percent in the third quarter from a year earlier, driven by strong global demand for Korean semiconductors and equipment for artificial intelligence (AI) infrastructure, government data showed Wednesday.

Seoul shares extend losses late Wed. morning as tech stocks fall

Seoul shares extended losses late Wednesday morning, weighed down by declines in technology stocks despite easing concerns over high bond yields as oil prices retreated. After opening 1.11 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 80.66 points, or 1.16 percent, to 6,860.73 as of 11:20 a.m.

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