# Global Market: South Korean shares fall as AI trade loses steam, investors eye Jackson Hole — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-08-28 04:01 ingested 2026-08-28 04:49

[original source ↗](https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-south-korean-shares-fall-as-ai-trade-loses-steam-investors-eye-jackson-hole/articleshow/133582603.cms)

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The KOSPI was down 74.15 points, or 1.07%, at 6,838.22 as of 02:09 GMT. The index was set to end the week about 1% lower.
According to Reuters, the retreat followed a weakening of the recent AI-driven rally despite strong results from Nvidia. The US chipmaker reported second-quarter revenue of $96.22 billion, more than double from a year earlier and above analysts’ estimates of $92.17 billion.
Investors were also awaiting remarks and signals from the Fed’s Jackson Hole gathering in Wyoming. According to Reuters, Federal Reserve officials had expressed continued concerns about the US inflation outlook on Thursday, keeping markets cautious about the path of interest rates.
Chip stocks lead decline
Technology stocks were among the biggest drags on the South Korean market. Samsung Electronics fell 2.26%, while SK Hynix declined 1.45%. Battery maker LG Energy Solution dropped 0.81%.
Among other major companies, Hyundai Motor gained 0.25% and Kia rose 0.63%. POSCO Holdings fell 1.62%, while Samsung BioLogics slid 4.74%.
Of the 909 stocks traded, 382 advanced and 479 declined. Foreign investors were net sellers, offloading shares worth 519.9 billion won ($377.22 million), Reuters reported.
Despite Friday’s decline, the KOSPI remains up 62.27% so far this year.
Won strengthens, bond yields rise
The South Korean won strengthened 0.30% to 1,377.4 per dollar from Thursday’s close of 1,381.5. The currency has gained 4.5% against the US dollar so far this year.
In the bond market, September futures on three-year Treasury bonds fell 0.13 points to 103.38.
The yield on the most liquid three-year South Korean government bond rose 3.3 basis points to 3.787%, while the benchmark 10-year yield increased 4.6 basis points to 4.298%, according to Reuters.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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document fetched 2026-08-28 04:49