KOSPI's collapse wipes out South Korea's annual GDP
South Korea's KOSPI index fell over 8% in a day, losing more than $2 trillion, exceeding the country's annual GDP.
South Korea's KOSPI index fell over 8% in a day, losing more than $2 trillion, exceeding the country's annual GDP.
Samsung and SK Hynix slid and the KOSPI fell over 3% even as the Korean won touched a two-year high.
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South Korean stocks rallied, led by Samsung and SK Hynix, while Wall Street futures declined amid inflation concerns and higher oil prices.