South Korean Shares Pause Record Rally

The benchmark KOSPI edged down 0.3% to around 6,625 on Wednesday, pausing its multi-session record run, as renewed global AI-sector concerns and rising oil prices prompted profit taking in heavyweight technology stocks. Sentiment weakened after reports that OpenAI missed internal growth targets pressured semiconductor and AI-linked shares, while overnight Wall Street losses reinforced caution. Major index components traded lower, including Samsung Electronics (-0.8%) and SK Hynix (-0.2%), alongside Hyundai Motor (-0.9%), LG Energy Solution (-0.4%), and Kia Corporation (-0.5%). Higher crude prices also weighed as OPEC disruption and continued Middle East uncertainty pushed Brent above $111 per barrel, raising concerns over Korea’s import costs despite government stabilization efforts. Still, downside was partly cushioned by ongoing capital market reforms, expanding AI partnerships, and broader policy support for semiconductors, shipbuilding, and supply chain security.
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