[Opening Market] KOSPI Slides Nearly 1% Despite Wall Street Rally
South Korean stocks opened lower on Thursday despite a broad-based rebound on Wall Street driven by gains in artificial intelligence (AI)-related technology shares, as profit-taking in semiconductor heavyweights weighed on the domestic market.According to the Korea Exchange, the KOSPI stood at 5,684
The KOSPI, South Korea's benchmark stock index, slipped nearly 1% on Thursday, Oct. 22, in contrast to Wall Street's broad-based rally driven by gains in AI-related technology shares. Profit-taking in semiconductor heavyweights, including Samsung Electronics and SK hynix, weighed on domestic market sentiment, with the two leading semiconductor stocks experiencing short-term losses after surging more than 5% the previous day.
Despite the market correction, healthcare stocks demonstrated relative strength, with the KRX showing resilience in the face of broader market volatility.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
