FX.co ★ South Korean Shares Extend Losses to Third Session

The benchmark KOSPI fell 0.81% on Monday to close at 5,018.85, extending its losing streak to a third straight session as investors remained cautious amid renewed uncertainty in the artificial intelligence (AI) sector. The index saw volatile, range-bound trading, with bargain hunting in semiconductor stocks helping to limit losses after concerns over potential AI data-center regulations eased following the Democrats’ strong showing in the US midterm elections. However, overall sentiment was weighed down by fresh uncertainty around Nvidia Corp., after the company disclosed an internal investigation into allegations that CEO Jensen Huang had been targeted by a suspected Chinese spy. Among major constituents, LG Energy Solution (-5.78%), Hyundai Motor (-3.04%), and Samsung SDI (-11.32%) posted steep declines, while Samsung Electronics (+0.05%) and SK Hynix (+0.71%) managed modest gains.