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المشهد العربي
South Korean stocks decline fifth week
South Korean stocks experienced wide losses for the fifth consecutive week, with a significant market decline due to investors shedding their positions in the artificial intelligence sector. The stock of SK Hynix dropped by 8.3%, and Samsung Electronics by 7.6%, amid rising oil prices that surpassed $100 per barrel, and the implementation of new American tariffs on 60 countries, including South Korea. Additionally, the Korean won reached its highest level in 11 weeks at 1,462.2 against the dollar before slightly retreating. The KOSPI index fell by 406 points to reach 6,900, marking a daily decline of 5.72% and a weekly decrease of 1.90%.
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