South Korean markets suffered a massive loss of more than $2 trillion after declining for two consecutive days, following a drop of over 10% on Tuesday. Since reaching a 52-week peak of 9,385.59 on June 19, the KOSPI index has tumbled by nearly 40%. The brunt of this market sell-off is being felt by leading artificial intelligence and semiconductor firms.

by shortkt.com✓

4 hours ago