After four weeks of “bleeding” triggered by concerns over huge amounts invested in AI, traders, having received a series of excellent profit reports, rushed to buy technology company stocks at favorable prices.
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The Seoul stock exchange index KOSPI was at the forefront of this wave after reaching a record high a month ago and then starting to move downwards. At that time, chip manufacturing companies “SK hynix” and “Samsung” became symbols of this decline, losing about half of their value during the panic.
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