KOSPI Index Today Plunges Amid Tech Sell-Off and Global Panic
• The KOSPI index plummeted over 8% today, driven by a massive sell-off in semiconductor and technology stocks. • Analysts attribute the crash to mechanical factors, including algorithmic trading and forced liquidations, rather than a fundamental collapse of the South Korean economy. • The Bank of Korea issued a statement to stabilize markets, asserting that the semiconductor supercycle remains fundamentally healthy.
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