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The Economic Times

South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks

Kospi South Korea SK Hynix Samsung US Federal Reserve Nvidia

South Korea's stock benchmark plunged nearly 9% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech-heavy market that had powered the broader AI rally.

The KOSPI fell as much as ‌8.8% in early ⁠trade, as chip ⁠heavyweights Samsung Electronics and SK Hynix dropped more than 10% each.

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One subscription that gives you access to news from hundreds of sites

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Lawyers for ex-Olympian cleared in Reflecting Pool case call for government watchdog investigations

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