Daily brief
Hyundai Motor Group is investing $6.3 billion to build an AI data center and robot factory in Saemangeum, South Korea. South Korean President Lee praised the investment and pledged strong government support. The project is part of Hyundai's strategic push into artificial intelligence and hydrogen technology.
A rush to buy Korean chip stocks has triggered significant volatility in global exchange-traded funds.
Global investment funds have sold nearly $5 billion worth of Korean stocks following a recent market rally.