Seoul, June 26 (IANS) South Korean stocks tumbled nearly 6 per cent on Friday as investors locked in profits after recent rallies driven by stocks related to artificial intelligence (AI). The Korean won gained against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 519.09 points, or 5.81 percent, to close at 8,411.21, after falling as low as 8,126.84, reports Yonhap news agency.The market rout came after the KOSPI rallied by 5.42 percent gain on Thursday and racked up …
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Seoul, Dec 26 (IANS) South Korea’s stock market enjoyed a stellar year and outperformed both regional and global peers, boosted by artificial intelligence (AI) and the government’s market reform measures.Once hovering around the 2,400 mark, the benchmark Korea Composite Stock Price Index (KOSPI) hit a new milestone on Oct. 27, surpassing the 4,000 level for the first time since the index was introduced in 1983, reports Yonhap news agency.The KOSPI was the best-performing stock gauge among those …