South Korea's composite stock index closed down 4.46% today amid anxiety over the artificial intelligence industry and tensions in the Middle East. The KOSPI index ended at 6,516.27 points, a drop of 304.33 points. Samsung Electronics fell 4.31%, SK hynix dropped 4.23%, and LS Electric tumbled 5.63%. The pressure came after Moonshot, a Chinese startup, launched its latest AI model on Friday, sending US stocks lower and semiconductor shares sliding. In addition, Middle East tensions intensified after another American soldier was killed on Sunday, bringing the total death toll since the Iran-US conflict erupted in late February to 17.
SK Hynix Inc
Samsung Electronics Co Ltd
LS Electric