Seoul shares crash over 10% on heavy tech selloff amid AI skepticism
Market bellwether Samsung Electronics plummeted 13.39 percent to 220,000 won, and SK hynix nosedived 14.65 percent to 1.55 million won.
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Summary
Market bellwether Samsung Electronics plummeted 13.39 percent to 220,000 won, and SK hynix nosedived 14.65 percent to 1.55 million won. Seoul shares crash over 10% on heavy tech selloff amid AI skepticism. SK Square, the parent of SK hynix, plunged 15.6 percent to 925,000 won, and Hanmi Semiconductor, a leading chip equipment manufacturer, slumped 12.22 percent to 179,500 won.
Furthermore, Top carmaker Hyundai Motor tumbled 9.68 percent to 364,000 won, and its sister Kia sank 6.6 percent to 121,800 won. Major banking group KB Financial Group dropped 4.29 percent to 165,200 won, and defense giant Hanwha Aerospace retreated 2.67 percent to 875,000 won. Internet giant Naver slid 6.67 percent to 210,000 won, and energy firm Doosan Enerbility dipped 8.74 percent to 64,700 won.
In addition, Trade volume was light at 324.2 million shares worth 33.69 trillion won ($23 billion), with losers sharply outnumbering winners 875 to 36. Foreign investors offloaded a net 4.97 trillion won worth of local shares, while individuals bought a net 4.33 trillion won and institutions purchased a net 630.1 billion won.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Market bellwether Samsung Electronics plummeted 13.39 percent to 220,000 won, and SK hynix nosedived 14.65 percent to 1.55 million won.
reliability low1/2 sourcesSeoul shares crash over 10% on heavy tech selloff amid AI skepticism.
reliability low1/2 sourcesSK Square, the parent of SK hynix, plunged 15.6 percent to 925,000 won, and Hanmi Semiconductor, a leading chip equipment manufacturer, slumped 12.22 percent to 179,500 won.
reliability low1/2 sourcesTop carmaker Hyundai Motor tumbled 9.68 percent to 364,000 won, and its sister Kia sank 6.6 percent to 121,800 won.
reliability low1/2 sourcesMajor banking group KB Financial Group dropped 4.29 percent to 165,200 won, and defense giant Hanwha Aerospace retreated 2.67 percent to 875,000 won.
reliability low1/2 sourcesInternet giant Naver slid 6.67 percent to 210,000 won, and energy firm Doosan Enerbility dipped 8.74 percent to 64,700 won.
reliability low1/2 sourcesTrade volume was light at 324.2 million shares worth 33.69 trillion won ($23 billion), with losers sharply outnumbering winners 875 to 36.
reliability low1/2 sourcesForeign investors offloaded a net 4.97 trillion won worth of local shares, while individuals bought a net 4.33 trillion won and institutions purchased a net 630.1 billion won.
reliability low1/2 sources
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