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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Samsung, SK Hynix lead KOSPI rout amid global risk-off mood

SK Hynix Samsung United States Semiconductor

South Korean shares tumbled on Wednesday as rising bond yields in the US and Asia, along with heightened geopolitical uncertainty in the Middle East, intensified selling in semiconductor stocks, according to a report by Reuters.

The benchmark Kospi fell 319.75 points, or 4.65%, to 6,550.08 as of 0142 GMT. Foreign investors were net sellers of shares worth 1.47 trillion won, while 742 of the 905 traded stocks declined.

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