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South Korean stocks tumble nearly 6 percent on profit-taking after AI rallies
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The KOSPI fell 5.81 percent on June 26 as investors took profits following recent AI-driven gains, closing at 8,411.21.
The KOSPI fell 1.31 percent at the open on Friday, June 26, following tech losses on Wall Street and profit-taking after the previous session's sharp rise.
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Kioxia, a NAND storage supplier, announced plans for a new listing in the United States next spring along with a stock split in Japan.
The combined market value of 19 listed firms in SK Group surpassed 2,000 trillion won for the first time on June 16, driven mainly by gains at SK hynix.
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Start-up-virksomheden Tensordyne har sikret sig hensigtserklæringer til en værdi af over 200 millioner dollars for sine halvledere. Femten datacentre er interesserede i chippene, som siges at bruge langt mindre energi end Nvidias produkter.
Nvidia and SK Hynix announced on June 8 that they have entered a multi-year technology partnership to develop next-generation memory technologies for AI factories.
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The Bank of Korea reported that the current account surplus reached $28.29 billion in April, the second-largest on record, driven by semiconductor exports.
U.S. official praises South Korea chip expertise at AI summit
onsdag d. 24. juni 2026, 15.35SK hynix plans 45.45 trillion won stock offering for Nasdaq ADR listing
onsdag d. 24. juni 2026, 13.22Seoul stocks surge sharply on Micron earnings
tirsdag d. 23. juni 2026, 07.38Seoul shares open 1.86% higher despite US chip sell-offs
mandag d. 22. juni 2026, 01.30Samsung's HBM4 sales top $1 billion four months after launch
lørdag d. 13. juni 2026, 21.31SK Hynix adds over 2,000 positions last year amid AI boom
fredag d. 12. juni 2026, 09.01Kioxia becomes Japan’s most valuable firm as AI mania goes on
torsdag d. 11. juni 2026, 18.33Rapidus to cooperate with British and Italian institutions
onsdag d. 10. juni 2026, 19.24South Korea exports jump 86 percent in early June, set record high
mandag d. 8. juni 2026, 22.43Nvidia CEO Huang concludes South Korea visit with AI partnerships