South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge? - The Economic Times
• South Korea’s KOSPI index surged 17% to reach 6,549 points, recovering from a massive three-day selloff that saw the market tumble by nearly 17%. • The initial crash was triggered by heavy selling in semiconductor stocks due to growing fears of increased competition from Chinese memory chipmakers. • This volatility highlights the extreme sensitivity of the South Korean market to the global chip war and geopolitical tensions between China and the West.
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