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South Korea July exports beat forecasts on robust demand for AI investments

South Korea July exports beat forecasts on robust demand for AI investments

SEOUL, Aug 1 (Reuters) - South Korea's exports grew more strongly than expected in July on global chip and computer demand for AI investments.

South Korea's AI Chip Demand Boosts Exports, Impacts U.S. Tech Investments

South Korea's AI Chip Demand Boosts Exports, Impacts U.S. Tech Investments

South Korea's AI Chip Demand Boosts Exports, Impacts U.S. Tech Investments

South Korea export growth seen easing but chip boom to hold

South Korea export growth seen easing but chip boom to hold

By Hyeyoon Cho and Jihoon Lee SEOUL, July 30 (Reuters) - South Korean exports likely extended robust growth in July, with the pace weakening from a near-half-century high but posting the second-strongest gains in the current winning streak led by surging AI chip demand, a Reuters poll showed on

Oil prices gain and Asian shares are mostly lower as investors sell AI stocks

Oil prices gain and Asian shares are mostly lower as investors sell AI stocks

Oil prices have gained and Asian shares are mostly lower

South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks

South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks

South Korea’s Kospi index has jumped more than 15% as artificial intelligence-related stocks bounced back after losses this week

South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks

South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks

South Korea’s Kospi index has jumped nearly 18% as artificial intelligence-related stocks bounce back after losses earlier this week

Samsung sees chip supply shortages worsening due to AI boom; shares surge 8%

Samsung sees chip supply shortages worsening due to AI boom; shares surge 8%

By Hyunjoo Jin and Joyce Lee SEOUL, July 30 (Reuters) - Samsung Electronics said on Thursday AI chip demand remained strong and could exacerbate supply shortages next year, countering investor concerns that feverish AI spending by major technology firms may slow and curb growth.

South Korea's Economic Dependency on Semiconductors Exposed by Stock Market Correction

South Korea's Economic Dependency on Semiconductors Exposed by Stock Market Correction

South Korea's Economic Dependency on Semiconductors Exposed by Stock Market Correction

Morning Bid: Yen sinks as BOJ holds - and it's the KOSPI's best day

Morning Bid: Yen sinks as BOJ holds - and it's the KOSPI's best day

A look at the day ahead in European and global markets from Gregor Stuart Hunter What a wild ride. Markets in Asia staged a blistering rally on Friday after the scorching selloff in tech stocks earlier this week, while the yen resumed its descent as the Bank of Japan left interest rates on hold.

Samsung reports record profit as South Korean chip giants benefit from global AI boom

Samsung reports record profit as South Korean chip giants benefit from global AI boom

South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter

Samsung sees robust AI demand and tight chip supply after posting over 250-fold rise in chip profit

Samsung sees robust AI demand and tight chip supply after posting over 250-fold rise in chip profit

By Hyunjoo Jin and Joyce Lee SEOUL, July 30 (Reuters) - Samsung Electronics expects AI chip demand to stay strong and supply to remain short this year, it said on Thursday, after posting a more than 250-fold rise in semiconductor profit in the second quarter.

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea’s Kospi index has jumped more than 16% as artificial intelligence-related stocks bounced back after losses this week