FinanceET Techabout 2 hours ago
Korea KOSPI Crashes 5% as AI Rout Deepens
4 min read
Korea's KOSPI index crashes another 5% as the AI rout deepens, with the index trading about 39% below its peak. Data-center firm Elice Inc. plunged 32% in its debut, while AI bellwethers SK Hynix and Samsung fell 35% and 22%. Concerns over OpenAI's revised September revenue of nearly $50 billion and rising capital costs drive the sell-off amid inflation fears.
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