Image: MakroThe KOSPI fell more than 6% in a day, coupled with the Bank of Korea's key interest rate hike and a .. - MK
• The KOSPI plummeted over 6% to close at 6,820.60 on the 16th, driven by a sharp decline in global semiconductor stocks and domestic monetary policy shifts. • Major tech-related shares saw significant losses, with SK Square preferred shares dropping 12.30%, Samsung Electronics falling 10.42%, and Jusung Engineering sliding 10.31%. • The sell-off was further intensified by the Bank of Korea, which signaled the start of a full-fledged interest rate hike cycle.
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