South Korean stocks experienced a sharp decline of over 4% on Tuesday, with the KOSPI index plummeting as investors cashed in on recent gains in chipmaker shares. Major players like Samsung Electronics and SK Hynix saw significant drops. This profit-taking, particularly by foreign investors, led to a trading curb being briefly triggered. The won also saw a slight appreciation against the dollar.
South Korean shares dropped over 4% on Tuesday, with the KOSPI index falling due to widespread profit-taking. Major chipmakers like Samsung Electronics and SK Hynix saw significant declines as foreign investors cashed in on recent gains. This downturn briefly triggered a trading…
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