The Korea Composite Stock Price Index (Kospi) fell by as much as 3.1%, marking its second consecutive session of decline. This drop followed a downturn in U.S. chip stocks and the breakdown of wage negotiations between Samsung Electronics and its labor union. After reports of the failed talks emerged, concerns over a potential strike led Samsung Electronics shares to tumble by up to 6.1%. SK Hynix also saw its shares decline by as much as 2.9%, pressured by overnight losses among U.S. chip and artificial intelligence sector peers. The small-cap focused Kosdaq index experienced a maximum decline of 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments