KOSPI barely holds 5000, fails to regain momentum
KOSPI struggled to regain its footing Monday after plunging more than 11 percent last week. The benchmark index barely held above the 5,000 mark, underscoring the volatility that has gripped the market since concerns over tighter U.S. artificial intelligence (AI) regulation rattled semiconductor stocks following the Democrats’ sweeping midterm election victory on Nov. 3. The index opened at…
The KOSPI index struggled to regain its footing on Monday, failing to surpass the 5,000 mark after a more than 11 percent plunge last week. The benchmark index opened at 5,043.20, down 0.5 percent from the previous close, reflecting the volatility that has gripped the market since concerns over tighter U.S. AI regulation affected semiconductor stocks following the Democrats' midterm election victory.
Despite institutional buying and a modest rebound in semiconductor heavyweights, the index eventually closed at 5,018.85, down 0.81 percent.
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- KOSPI barely holds 5000, fails to regain momentum koreatimes.co.kr
