KOSPI crashes over 8 pct on tech hemorrhage, U.S. rate woes
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Source: South Korea
Published: 2026-06-08 16:37 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, South Korea, Technology & AI, Economy & Finance, Financial Markets, Business & Economy, Technology
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Snippet:
SEOUL, June 8 (Yonhap) -- South Korean stocks nosedived more than 8 percent Monday as investors dumped market heavyweights on renewed woes over artificial intelligence (AI) profitability and concerns over a possible hawkish pivot of the U.S. Federal Reserve. The local currency rose against the U.S. dollar after opening at a 17-year low.
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