TradingKey – On October 12, South Korean stocks weakened in early trade. The Korea Composite Stock Price Index (KOSPI) opened down 0.72% at 6,578.17 points, and subsequently expanded its decline to 1.35% at 6,536.77 points. Japanese stock markets were closed for a public holiday.

Source: TradingView

South Korean semiconductor leaders were generally under pressure in early trading, with Samsung Electronics falling 1.34% in early trade to 258,500 won (about $193); SK Hynix fell 2.97% to 1.631 million won.

In the first half of this year, driven by the AI frenzy, the South Korean stock market was one of the best-performing major markets globally. However, as investors reassess the growth prospects of the memory chip industry, the market trend…