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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Kospi drops 2% as chip stocks tumble ahead of Nvidia earnings

South Korean shares fell sharply on Tuesday, tracking losses on Wall Street as investors continued to sell semiconductor stocks ahead of Nvidia’s quarterly earnings report, while the Korean won strengthened against the dollar and government bond yields eased.

The benchmark Kospi fell 131.07 points, or 1.96%, to 6,565.89 as of 01:45 GMT, according to Reuters. The index has still gained 55.81% so far this year.

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