South Korea's Kospi swings wildly amid AI boom and government intervention

By Al Jazeera English

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South Korea's Kospi index has swung wildly this year, more than doubling to pass 9,000 points before crashing 40 percent, triggering automatic trading suspensions over 50 times. Analysts point to a combination of government intervention, deregulation of exchange-traded funds and heavy reliance on AI chipmakers Samsung and SK Hynix, which now account for over half the market. Small investors, including teenagers borrowing to buy shares, say they are bearing the brunt of the volatility, fuelling public anger and calls for the government to step back. Al Jazeera’s Jack Barton reports from Seoul, South Korea. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #SouthKorea #Kospi #StockMarket #SouthKoreaStocks #Samsung #SKHy

Tags: AI Memory Chips, AI Stock Boom, Artificial Intelligence Stocks, ETF Deregulation South Korea, Kospi, Lee Jae Myung, Retail Investors South Korea, SK Hynix, Samsung Electronics, Semiconductor Stocks, South Korea Economy, South Korea Financial Markets, South Korea National Pension Fund, South Korea Semiconductor Industry, South Korea Stock Market, South Korea Stocks, Stock Market Volatility, al Jazeera, al Jazeera English, al Jazeera live tv news English