TR Korea (02848) fell more than 10% in the afternoon session. As of press time, it was down 10.29% at HK$1,478, with a turnover of HK$5.3327 million.
On the news front, South Korea's KOSPI index plunged as much as 9% during intraday trading, triggering the market's circuit breaker mechanism. This marked the tenth time the Korean stock market has triggered a circuit breaker this year.
South Korea's financial regulatory authorities convened an emergency meeting on the stock market and issued an official statement, calling for proactive measures to safeguard market stability and protect investors. They urged financial institutions to avoid excessive credit extension and to strengthen investor protection and risk management. They also vowed to deal harshly with any behavior that disrupts the market and to activate contingency plans when necessary.
According to analysts in South Korea, growing controversy over the return on investment in artificial intelligence has weighed heavily on the semiconductor sector of Korean stocks. The combination of recent financing bottlenecks facing AI infrastructure investment, along with the continued weakness in U.S. technology and semiconductor shares, has dealt a blow to the semiconductor sector of the Korean stock market.
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