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وكالة الأنباء القطرية
South Korean Stocks Fall Over Chip Sector Collapse
South Korean stocks fell by more than 7%, with chip sector losses continuing amid concerns about the sustainability of artificial intelligence investments and the Federal Reserve's interest rate hikes. The KOSPI index opened down 5.59% before dropping an additional 454.59 points to close at 5,554.22, marking the longest losing streak since September 2024. This triggered a 5-minute automatic trading halt. The value of the won also declined against the dollar.
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