South Korea's stock market is up and down

ON AUGUST 16, DATA RELEASED ON SUNDAY SHOW THAT, DESPITE A SIGNIFICANT REBOUND FROM A FALL IN THE SOUTH KOREAN STOCK MARKET, TRIGGERED BY A SHARP DROP IN CHIPS AND ARTIFICIAL INTELLIGENCE-RELATED SHARES, STOCK SALES REMAINED AT A HIGH LEVEL. THE KOREA EXCHANGE DATA SHOW THAT BY TUESDAY THIS WEEK, THE SIZE OF THE EMPTY POSITIONS SOLD WAS APPROXIMATELY 19 TRILLION WON (OR $13.4 BILLION), AN INCREASE OF 227 TRILLION WON, OR 14 PER CENT, OVER THE 1673 TRILLION WON AT THE END OF LAST MONTH. KOREA STOCK WAS SOLD AT 15 TRILLION WON IN LATE FEBRUARY, FELL BACK TO 12 TRILLION WON IN EARLY MARCH AND CLIMBED TO 23 TRILLION WON IN EARLY JUNE. SO FAR THIS MONTH, KOREA’S KOSPI HAS INCREASED BY 6 PER CENT, AND THE SECOND-BOARD MARKET, DOMINATED BY THE TECHNOLOGY UNIT, KOSTAQ, HAS INCREASED BY 20 PER CENT. LAST MONTH, THE SOUTH KOREAN STOCK MARKET SUFFERED A MAJOR DECLINE AS A RESULT OF MARKET CONCERNS ABOUT THE DETERIORATION OF THE EARNINGS PROSPECTS OF AI-RELATED INVESTMENTS AND THE POSSIBLE CONTRACTION OF CHIP DEMAND. HOWEVER, INVESTORS ARE CONCERNED ABOUT THE SHORT-TERM RAPID INCREASE IN THE CURRENT ROUND, WHILE IT REMAINS UNCERTAIN WHETHER THE CHIP INDUSTRY HAS PEAKED。