Kospi Drops 3.6% as Chipmakers Slide and US Strike on Iran Sours Risk Appetite
Updated
Updated · Bloomberg · Jun 10
Kospi Drops 3.6% as Chipmakers Slide and US Strike on Iran Sours Risk Appetite
3 articles · Updated · Bloomberg · Jun 10
Summary
South Korea’s Kospi fell as much as 3.6% in Wednesday morning trade, reversing part of the previous session’s sharp rebound.
Chip stocks resumed losses while risk appetite weakened after a US strike on Iran rattled regional markets.
The benchmark had surged 8.2% a day earlier, underscoring the market’s abrupt swings this week.
Monday’s 8.3% plunge was severe enough to trigger a 20-minute suspension in South Korea’s spot market, highlighting how geopolitical shocks are driving volatility.