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South Korean shares fall nearly 3% as AI concerns hit chipmakers
SEOUL: Round-up of South Korean financial markets: South Korean shares slumped nearly 3% on Tuesday as chipmakers dropped on concerns over AI investment, while political instability in France dampened risk appetite across global financial markets. The benchmark KOSPI was down 170.63 points, or 2.96%, at 5,597.38 as of 0132 GMT, after rebounding for two consecutive sessions from a recent six-month low. “Although it is confirmed that recent losses in AI chip stocks were excessive in the short term, credit risks of AI investments have not been resolved,” said Seo Sang-young, an analyst at Mirae...
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