South Korea's KOSPI plunges more than 8% in new tech rout
- SEOUL/HONG KONG: South Korean stocks collapsed more than 8 per cent on Friday (Jun 26), sparking a 20-minute halt in trading, amid a fresh rout in tech firms and following a sell-off on Wall Street.
- The KOSPI index sank 8.2 per cent to 8,199.81 - before a 20-minute trading halt was called - at the end of a week during which it had seen wild swings.
- Asian tech stocks also sank on Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.
Unverified
- SEOUL/HONG KONG: South Korean stocks collapsed more than 8 per cent on Friday (Jun 26), sparking a 20-minute halt in trading, amid a fresh rout in tech firms and following a sell-off on Wall Street.
- The KOSPI index sank 8.2 per cent to 8,199.81 - before a 20-minute trading halt was called - at the end of a week during which it had seen wild swings.
- Asian tech stocks also sank on Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.
Sources: CNA