South Korean Stocks Slump for Fourth Straight Session as Global Uncertainties Weigh on KOSPI, Won Weakens
South Korean shares extended losses for a fourth consecutive session, with the KOSPI index dropping 0.85%. Global economic uncertainties, concerns over AI industry development, and external market pressures weighed on sentiment, while the won weakened against the dollar. Analysts noted investor sensitivity to interest rates and energy price volatility.
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