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المشهد العربي
South Korean stocks dip amid tech losses
South Korean stock indices experienced sharp declines due to losses in the technology sector, particularly with Samsung Electronics' shares dropping by 6.3% and SK Hynix by 10.4%. This was driven by concerns about the feasibility and costs associated with companies' investments in artificial intelligence technologies. Meanwhile, foreign investors engaged in massive sell-offs totaling 3.33 trillion won (approximately $2.34 billion). Conversely, the won appreciated to its highest level against the dollar in ten months, reaching 1,424.16 won. This rise was supported by profits from the American depositary receipts of SK Hynix, amidst ongoing outflows of foreign capital.
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