Kospi plunges 5% on US chip stock rout
South Korea's benchmark Kospi tumbled more than 5 percent in early trading Friday, tracking a sharp selloff in semiconductor stocks on Wall Street after Broadcom's earnings and outlook disappointed investors.
The Kospi opened at 8,323.2, down 3.66 percent from the previous session.
Losses deepened shortly after the opening bell, with the index falling to 8,190.25 as of 9:15 a.m., down 5.2 percent on-session.
The decline pushed the benchmark below the 8,100 mark during trading.
A sell-side sideca
- KRX issues sell-side sidecar for KOSPI on sharp fall Korea Times —
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower CNBC —
- KRX issues sell-side sidecar for KOSPI on sharp fall The Korea Herald —
- Seoul shares open sharply lower on tech slump amid Middle East uncertainty The Korea Herald —
- Foreign selling drags Kospi down 5%, sends won to 17-year low The Korea Herald —