Program Selling Halted on KOSPI, KOSDAQ as AI Profitability Concerns Trigger Sharp Declines
[Economy] : Program selling was halted on both the benchmark Korea Composite Stock Price Index(KOSPI) and the tech-heavy KOSDAQ amid sharp declines due to concerns over profitability from investments in artificial intelligence infrastructure. A sell-side sidecar mechanism was activated on the KOSPI at 9:07 a.m. after ... [more...]
We haven't written up this one. KBS World Radio has the full story — the link below goes straight to it.