South Korea’s KOSPI Slides 3% as Chip Stocks Fall Sharply

South Korea’s KOSPI index fell 3% to 6,427.08 points as major chip stocks also declined. SK hynix fell more than 4%, and Samsung Electronics declined nearly 4%. Samsung Electronics and SK hynix both declined during the retreat. The decline adds to a broader risk signal for global and crypto markets. The KOSPI’s latest move follows an earlier decline of 1%, showing that losses widened during the session. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost