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South Korea's Kospi index plunges 9 percent

Published on Julio 13, 2026 at 08:42

South Korea's Kospi stock index plunged nearly nine percent on Monday amid renewed selling pressure after weeks of volatility fuelled by concerns over the AI investment boom.

The Kospi fell 8.95 percent on Monday, with tech giants Samsung Electronics and SK hynix -- makers of memory chips essential to the artificial intelligence industry -- tumbling 10.7 percent and 15.3 percent respectively.

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