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South Korean shares fall as chipmakers track US tech slump
SEOUL: Round-up of South Korean financial markets: South Korean shares fell sharply on Thursday, as chipmakers tracked overnight losses in US tech stocks after the US midterm election results raised worries about a slowdown in AI investment. The benchmark KOSPI was down 227.68 points, or 4.01%, at 5,459.70 as of 0157 GMT. It fell more than 5% earlier in the session, triggering a “sidecar” trading curb. Wall Street closed sharply higher on Wednesday as Democrats’ sweeping midterm election victory eased political uncertainty and boosted risk appetite, though data centre shares fell on fears of t...
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