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المشهد العربي
Korean stocks fall 3% amid tech pressures
South Korean stocks experienced a sharp decline of over 3%, with the KOSPI index dropping by 225 points to close at 6,684 points, reflecting a decrease of 3.25%. This downturn was driven by pressures from calls by "Anthropic" and "OpenAI" urging companies to slow down the development of artificial intelligence technologies. Major companies such as "SK Hynix" saw their shares fall by 6.35%, and "Samsung Electronics" by 4.05%. Additionally, yields on 10-year bonds decreased by one basis point to 4.545%. The decline coincided with the dollar strengthening against the Korean won by 0.20%, trading at 1,344.98 won.
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