South Korea’s rookie investors lose small fortunes amid AI stocks frenzy
Seoul, South Korea – As South Korea’s stock market was surging on the back of AI-driven chip demand early this year, Eun-bi withdrew most of her savings and invested them in shares. Eun-bi, a civil servant in her thirties, bought several of the market’s star performers, chief among them memory chipmaker SK Hynix, and a United States-listed fund that tracks the semiconductor industry, hoping to raise funds for her wedding in April next year.
Reported by 1 outlet — Al Jazeera. See all sources ↓
Seoul, South Korea – As South Korea’s stock market was surging on the back of AI-driven chip demand early this year, Eun-bi withdrew most of her savings and invested them in shares. Eun-bi, a civil servant in her thirties, bought several of the market’s star performers, chief among them memory chipmaker SK Hynix, and a United States-listed fund that tracks the semiconductor industry, hoping to raise funds for her wedding in April next year. But when South Korea’s benchmark KOSPI index plunged nearly 40 percent from its June peak, Eun-bi’s portfolio lost tens of thousands of dollars, throwing her wedding plans into doubt. “Now I’m wondering if I should scale down the ceremony or skip the honeymoon,” Eun-bi, who requested to be identified only by her first name, told Al Jazeera.
Read the full report at Al Jazeera ↗
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- What's the story?
- Seoul, South Korea – As South Korea’s stock market was surging on the back of AI-driven chip demand early this year, Eun-bi withdrew most of her savings and invested them in shares. Eun-bi, a civil servant in her thirties, bought several of the market’s star performers, chief among them memory chipmaker SK Hynix, and a United States-listed fund that tracks the semiconductor industry, hoping to raise funds for her wedding in April next year.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
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- 4m ago.
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South Korea’s rookie investors lose small fortunes amid AI stocks frenzy
Sources1TypeCoverageAl Jazeera