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HomeBusinessSouth Korea's KOSPI craters over 8% as Fed fears spark tech rout

South Korea’s KOSPI craters over 8% as Fed fears spark tech rout

SEOUL, June 8: South Korea’s stock benchmark plunged over 8 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 8. 3 per cent to close at 7,

Read full story on Channel Newsasia

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