Kospi crashes over 8% on tech hemorrhage, US rate woes; won rises after verbal intervention
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Source: The Korea Herald
Published: 2026-06-08 17:19 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, South Korea, Technology & AI, Economy & Finance, Financial Markets, World News, Business & Economy, Technology
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Snippet:
South Korean stocks nosedived more than 8 percent Monday, extending their losing streak to a third consecutive session, as investors dumped market heavyweights on renewed woes over artificial intelligence profitability and concerns over a possible hawkish pivot of the US Federal Reserve.
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