South Korea’s Kospi opened lower on Thursday as investors took a more cautious stance after the index’s recent record-setting advance. The early weakness came as the AI-driven rally paused, while mixed signals around US-Iran tensions and oil prices added to uncertainty.
AI trade cools
Semiconductor and technology shares remained central to market direction, with investors watching SK Hynix and other chip-related names. After strong gains driven by AI demand, the market opened with profit-taking rather than fresh momentum.
Foreign flows
The Kospi’s recent strength has depended heavily on foreign participation and confidence in South Korea’s technology cycle. Any sustained foreign selling would test the durability of the rally, especially after the index reached new highs earlier in the week.
Next signal
The key question is whether Thursday’s weakness becomes a short consolidation or the start of a broader correction. For now, the opening suggests caution, not panic, but the market is clearly more vulnerable after its rapid rise.
Newshub Editorial in Asia – 28 May 2026
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