Economic TimesLean R·
South Korea's Kospi plunges 8%, extending a two-day slide. What's unsettling the world's hottest market?
South Korean stocks experienced a sharp two-day decline, with the KOSPI index plummeting over 10%. This downturn was fueled by concerns over excess AI capacity following Meta's plans and weakness in U.S. tech shares. Major chipmakers like SK Hynix and Samsung Electronics saw significant drops, triggering trading halts. Despite this correction, the KOSPI remains a top global performer this year, driven by the AI boom.
Read at Economic Times →
