$KORU
South Korea’s Kospi index fell more than 6.5% intraday, while Samsung Electronics and SK Hynix extended their declines to a fifth consecutive trading day. The once-booming Korean AI trade is now seeing capital flow out: foreign investors net sold more than $6 billion in October, and buybacks worth about $41 billion by the two chip giants are also about to end.
South Korea’s Kospi index fell more than 6.5% intraday, while Samsung Electronics and SK Hynix extended their declines to a fifth consecutive trading day. The once-booming Korean AI trade is now seeing capital flow out: foreign investors net sold more than $6 billion in October, and buybacks worth about $41 billion by the two chip giants are also about to end.