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HomeBusinessSouth Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

South Korea’s KOSPI craters nearly 9% as Fed fears hammer tech stocks

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 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 per cent i

Read full story on Channel Newsasia

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