South Korea's KOSPI index plummeted nearly 9% on Monday, triggering circuit breakers, as strong U.S. jobs data fueled expectations of Federal Reserve rate hikes. Tech giants Samsung Electronics and SK Hynix saw significant drops, impacting the AI-driven rally. Despite the sharp decline, the KOSPI remains up substantially year-to-date.
South Korea's KOSPI index plummeted nearly 9% on Monday, triggering circuit breakers, as strong U.S. jobs data fueled expectations of Federal Reserve rate hikes. Tech giants Samsung Electronics and SK Hynix saw significant drops, impacting the AI-driven rally. Despite the sharp decline, the KOSPI remains up substantially year-to-date.
<iframe src="https://hindustansphere.com/embed/cluster/7646ba337919a79fb09eb5c499352a9375ad808f" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks"></iframe>
