Times of IndiaLean R·
Kospi plunges 7.5% as tech stocks tumble, triggers 'sidecar' stop for investors
South Korea's stock market experienced a sharp decline on Thursday, with the Kospi plummeting nearly 7.5%. The downturn was driven by heavy selling pressure on major technology stocks, particularly Samsung Electronics and SK Hynix. Trading halts were triggered as foreign investors sold significant shares, leading to heightened market volatility. The sell-off reflected concerns over potential interest rate hikes by the Federal Reserve.
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