KOSPI crashes over 8 pct on tech hemorrhage, U.S. rate woes

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 open…

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