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Seoul’s stock market was automatically halted for 20 minutes on Thursday after the KOSPI index fell more than 8 percent from its previous closing level, Yonhap news agency reported. The sharp decline was driven largely by technology shares, which were pressured by concerns that the Democratic Party’s strong performance in the U.S. mid‑term elections could slow the expansion of data‑center infrastructure for artificial intelligence. In the United States, the Nasdaq Composite fell 5.5 percent, the largest single‑day drop since April of the previous year. Among the biggest losers was semiconductor company AMD, whose shares fell 17 percent. Article source: Verdens Gang | Image credit: Verdens Gang
Seoul’s stock market was automatically halted for 20 minutes on Thursday after the KOSPI index fell more than 8 percent from its previous closing level, Yonhap news agency reported. The sharp decline was driven largely by technology shares, which were pressured by concerns that the Democratic Party’s strong performance in the U.S. mid‑term elections could slow the expansion of data‑center infrastructure for artificial intelligence. In the United States, the Nasdaq Composite fell 5.5 percent, the largest single‑day drop since April of the previous year. Among the biggest losers was semiconductor company AMD, whose shares fell 17 percent.
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