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Seoul stocks stumble as record chip earnings fail to lift sentiment
Seoul stocks stumble as record chip earnings fail to lift sentiment SEOUL, October 29 (AJP) - South Korea's stock market has turned bullish again, with renewed foreign buying and more than 90 trillion won (US$67.33 billion) in cash held in brokerage accounts raising hopes for a recovery. Yet the KOSPI slipped back below 6,000 on Thursday as retail investors remained wary of taking on more risk after last month's sharp selloff. The benchmark KOSPI closed 1.24 percent lower at 5,937.66 points on Thursday, a day after surging 6.63 percent to 6,012.44. The October 29, 2026