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South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?
The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.
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thestar.com
South Korea’s Kospi index sinks more than 10% on heavy selling of chipmaking stocks
HONG KONG (AP) — South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability
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newsbytesapp.com
South Korea's KOSPI crashes 8% as chip stocks tumble
South Korea's Kospi index dropped 8% as Samsung Electronics and SK Hynix shares plunged, driven by AI financing risks and growing competition from China's semiconductor industry.
