
Asian Equities Slide as South Korea Drops 3.6% and AI Spending Faces Scrutiny
South Korea led regional market losses on Tuesday as artificial intelligence infrastructure debutant Elice Group sank 16 per cent below its offering price.
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South Korea led regional market losses on Tuesday as artificial intelligence infrastructure debutant Elice Group sank 16 per cent below its offering price.

Retail margin loans reached a three-month high of 33.7 trillion won as Seoul authorities convened emergency talks without announcing fresh market interventions.

South Korea’s Kospi dropped nearly 8 percent alongside Tokyo’s decline after hotter US inflation data rattled semiconductor valuations across Asian bourses.

Individual traders generated over 90 percent of turnover in Seoul’s new evening market as thin liquidity drove wild swings in small-cap stocks.

Samsung Electronics and SK Hynix led early advances before institutional and retail profit-taking trimmed benchmark gains ahead of the two-day Chuseok market closure.

Second-quarter regional corporate earnings grew 102 per cent, led by strong results in Singapore, Taiwan and Indonesia.

Margin debt climbed past 33 trillion won as individual traders borrowed heavily despite pulling cash reserves out of equities.

Foreign funds offloaded 3.69 trillion won in Seoul shares as Samsung’s delayed payout timetable triggered an 8.70 per cent stock slide.

Asian shares stumbled on Tuesday and the dollar hovered near two-week lows as prospects for a long-awaited Sino-US trade deal was dealt another blow after the United States levelled sweeping criminal charges against China’s telecom giant Huawei. MSCI’s…

Korean stocks closed slightly lower Friday as institutions and retail investors dumped local stocks offsetting a buying spree by foreign traders. The South Korean won extended its rally against the U.S. dollar. The benchmark Kospi slipped 0.8 point, or 0.03…

South Korean stocks rose marginally high on Tuesday, propped up by rallies in pharmaceutical and retail companies. The local currency lost against the greenback. The benchmark Korea Composite Stock Price Index (KOSPI) added 2.25 points, or 0.11 percent, to…
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