Yen and won come under pressure; Seoul holds emergency weekend meeting

The won-dollar exchange rate reached 1,561.5 won in overnight trading, its weakest level in more than 17 years, amid foreign stock selling.

The won has fallen more than 7.5 per cent in 2026. Read more at straitstimes.com. Read more at straitstimes.com.

Korean stocks opened more than 1 percent lower Monday, tracking Wall Street's slide sparked by the semiconductor shock and rate hike fears, with bi...

The South Korean benchmark Kospi plunged more than 8 percent Monday, mirroring a rout in US semiconductor stocks on Wall Street, which triggered a circuit break

KOSPI falls 8% in early trade, triggering circuit breakers; Nikkei average down 4%

Korean stocks nosedived more than 8 percent shortly after opening Monday, triggering a 20-minute trading halt, as investors dumped tech and other m...

Korean stocks were trading more than 6 percent lower late Monday morning as investors dumped market heavyweights amid a tech slump sparked by a U.S...

The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world's standout performers thus far.

Yen, won under pressure; Seoul holds emergency weekend meet

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…

Yen, won under pressure; Seoul holds emergency weekend meet

Robust US jobs data lifts bets on a Federal Reserve rate hike and unleashes selloff in tech-heavy market

The South Korean benchmark Kospi suffered the worst day of the year as chip stocks tumbled, mirroring a rout in US semiconductor stocks on Wall Street. Soon aft

SEOUL, June 8 : South Korea's stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike…

SEOUL, June 8 : South Korea's stock benchmark plunged nearly 9 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate…

Korean stocks tumbled Monday, as a broad-based correction in global semiconductor shares triggered heavy selling across the market, prompting the a...

South Korean stocks nosedived more than 8 percent Monday, extending their losing streak to a third consecutive session, as investors dumped market heavyweights

Yen and won come under pressure; Seoul holds emergency weekend meeting

South Korean stocks nosedived more than 8 percent Monday on renewed woes over AI profitability and concerns over a possible hawkish pivot of the U.S. Federal Reserve.