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South Korean Stocks Slide to April Lows
South Korean stocks experienced a sharp decline, with the KOSPI index recording its lowest closing level since April. Major stocks such as Samsung Electronics, SK Hynix, and LG Energy Solution fell by more than 3-4%. The Korean Central Bank is expected to keep interest rates unchanged when it announces its decision on Thursday, amid expectations of a hike next month. Additionally, the value of the won declined by 0.36% against the dollar, reaching approximately 1,327 won, reflecting investors' concerns about the sustainability of the artificial intelligence investment boom.
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