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Kospi

All articles tagged with #kospi

Samsung stock slides after record shareholder returns miss buyback expectations
finance1 day ago

Samsung stock slides after record shareholder returns miss buyback expectations

Samsung Electronics’ shares fell over 8% after it unveiled a record 90–110 trillion won in shareholder returns for 2024–2026, including 30 trillion won in cash dividends this year. Analysts say the plan is large but disappointed expectations for bigger buybacks and clearer buyback details linked to AI-driven profits. Ownership constraints involving Samsung Life and Samsung Fire may limit buybacks, leaving most remaining funds to be paid out as dividends; rival SK Hynix outlined larger buybacks. The news contributed to a roughly 3% drop in the Kospi, and investors will be watching Samsung’s next capital-return framework due in January 2027.

Micron Climbs Toward $1,000 as Apple Memory Talks Add Fuel
markets8 days ago

Micron Climbs Toward $1,000 as Apple Memory Talks Add Fuel

Micron Technology is nearing the $1,000 mark after an ~11% weekly gain, trading near the high $900s as memory names rally on AI data-center demand. Apple’s discussions with the U.S. government over memory sourcing and CXMT testing, plus a Senate deadline for Apple’s response on Chinese memory suppliers, are cited as potential catalysts. Traders described mixed sentiment on MU, with some bulls betting the stock could clear $1,100 if Apple news proves bullish and broader Beijing/Seoul-influenced memory activity supports the rally.

Korea's AI-fueled tech stock surge ends in painful retail-investor losses
business11 days ago

Korea's AI-fueled tech stock surge ends in painful retail-investor losses

South Korea’s AI-driven tech rally triggered one of the market’s sharpest corrections this year, with the Kospi tumbling from above 9,000 to about 5,500 before rebounding to roughly 6,800. Individual investors—many using leverage—saw steep losses, including a bank worker who lost around 20 million won ($14,000), as gains in SK Hynix and Samsung evaporated. By late July, roughly 1.2 million personal accounts faced margin calls, highlighting the risks of concentrated bets in tech. Some plan to hold for a rebound, but others say the episode should push investors toward diversification and caution.

JOMO Takes the Spotlight as KOSPI Slumps, Sparking Zero-Loss Bets
business22 days ago

JOMO Takes the Spotlight as KOSPI Slumps, Sparking Zero-Loss Bets

The KOSPI closed at 5,663.24, down 5.98%, extending a 35.8% plunge from its intraday peak after a July 28 circuit breaker and heavy losses for Samsung Electronics and SK Hynix. Amid continued volatility, office workers are embracing JOMO (joy of missing out) and a “zero-loss” mindset, often preferring cash or U.S. assets over domestic equities. Memes about corporate chairs mirror the mood that not losing money has become the new win.

AI rebound drives South Korea stocks to a stunning Friday rally
markets25 days ago

AI rebound drives South Korea stocks to a stunning Friday rally

South Korea’s Kospi surged about 17.9% on Friday, led by a tech rebound as AI-related shares bounce back; SK hynix jumped around 30% after Chey Tae-won bought roughly $3 million of stock, while Samsung Electronics rose about 27%. The rally was supported by government plans to invest nearly $14 billion into AI-related assets and data centers, with earnings from U.S. tech giants also fueling sentiment.

Seoul’s AI-driven rally cools as stocks plunge and regulators tighten
economy26 days ago

Seoul’s AI-driven rally cools as stocks plunge and regulators tighten

South Korea’s stock market extended a two-day rout, wiping about $2.18 trillion in value as investors reassess AI-driven gains and pivot away from highly leveraged chipmakers; the KOSPI tumbled as much as 12.6% before closing down 6%, marking the steepest monthly drop on record and erasing roughly 40% from a peak reached a month earlier. Regulators and the finance ministry pledged tighter controls on single‑stock leveraged ETFs, potential higher trading costs, and investment limits aimed at stabilising markets amid panic, with emergency stabilization steps under consideration. Despite the sell-off, the KOSPI is up about 41.5% in USD terms year-to-date, making it one of the best performers globally this year.

Samsung Slumps as AI-Bet Deleveraging Roils Korea Markets
business26 days ago

Samsung Slumps as AI-Bet Deleveraging Roils Korea Markets

Samsung Electronics fell about 5.2% in Seoul after an intraday plunge as investors unwind leveraged AI bets, with SK Hynix also retreating and the KOSPI slipping as brokers liquidate losing positions. Regulators apologized for introducing leveraged single-stock products and signaled tighter limits, underscoring how AI-driven positioning can drive short-term volatility even as memory-supply and Chinese-competition concerns linger for Samsung.

KOSPI Slumps on China-Chip Fears as Hynix and Samsung Slide
markets27 days ago

KOSPI Slumps on China-Chip Fears as Hynix and Samsung Slide

South Korea’s Kospi fell about 10.8% on Tuesday, dragged lower by memory-chip giants SK Hynix (-14.7%) and Samsung Electronics (-13.3%), as fears of cheaper Chinese memory competition spread after ChangXin Memory Technologies’ IPO and its mass production of chip-manufacturing equipment; investors worry CXMT could challenge Korea’s memory dominance and Micron, fueling a broad selloff in global tech stocks.

AI-chip rout hits Kospi as chipmakers lead Asia decline
markets-and-exchanges28 days ago

AI-chip rout hits Kospi as chipmakers lead Asia decline

South Korea’s Kospi plunged nearly 11% on Tuesday as heavy selling of AI-related chipmakers pressured markets; Samsung Electronics and SK hynix dropped sharply, contributing to declines across Asia while U.S. futures were mixed. Analysts cited fears that AI-driven gains may be turning into a bubble and that investors are locking in profits, with the CXMT IPO and ongoing chip-industry competition cited as factors. Oil also fell as tensions eased and traders reassessed the AI rally.