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South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks
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.
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independent.co.uk
Asian shares drop, with South Korea's Kospi down more than 5%
Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures…
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zerohedge.com
Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge
“Following a period of upward revisions to earnings expectations across the sector, investors are taking a more selective approach to new information and guidance updates,”
