empty
 
 

2026.05.1501:36:59UTC+00South Korean Shares Pull Back From 8,000

The benchmark KOSPI fell more than 1% to around 7,880 on Friday, pulling back from record highs near 8,000 as investors took profits following a sharp AI-driven rally. Sentiment was further pressured by worries over the index’s heavy concentration in large semiconductor names and by risks tied to a planned strike at Samsung Electronics’ chip division next week. Even so, optimism around the Trump–Xi summit in Beijing helped limit losses, with both leaders signaling a commitment to stable relations and agreeing to keep the Strait of Hormuz open, easing concerns about global energy supplies. Expectations that an improvement in US–China relations could bolster Korean semiconductor exports to China also lent support, while overnight gains in major global AI-related stocks reinforced confidence in the AI boom. Among large caps, performance was mixed: Samsung Electronics (-1.0%), Doosan Enerbility (-1.8%), and Hanwha Aerospace (-4.5%) declined, while Hyundai Motor (7.6%) and LG Energy Solution (1.6%) advanced.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback