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Global Market: South Korean stocks tumble over 5% as AI spending concerns hit chipmakers

Source: ET Markets ·

Global Market: South Korean stocks tumble over 5% as AI spending concerns hit chipmakers

South Korean shares plunged as a selloff in semiconductor stocks intensified amid concerns over the sustainability of global AI investments. Foreign investor outflows and weak market breadth added to the pressure, putting the KOSPI on course for a monthly decline.

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