Economic TimesLean R·
South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?
South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fall nearly four percent on Wednesday. Foreign investors turned net sellers of shares worth over three hundred million dollars. Despite the sharp selloff, Kospi remains the world's best-performing major stock index. Goldman Sachs continues to remain bullish on South Korea's stock market.
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