Bearish
KOSPI Drops Below 6,600 Amid U.S. Rate Hike Concerns
The KOSPI index declined sharply, falling below the 6,600 mark, driven by apprehensions over potential U.S. interest rate hikes. Semiconductor giants Samsung Electronics and SK hynix led the downturn, each dropping over 2%. Foreign and institutional investors were net sellers, contributing to the market's decline.
Key points
- KOSPI opens at 6,613.58, down 2.58%, amid U.S. rate hike fears.
- Samsung Electronics and SK hynix slide over 2%, leading KOSPI's drop.
- Foreign and institutional investors net sell, deepening market slump.
Sources
AI-generated from public news sources. Not financial advice.
