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South Korea , Thursday 16 July 2026

South Korean shares drop 20% from peak as chipmaker stock volatility sharpens

Published on: Tuesday 07 July 2026

South Korean shares drop 20% from peak as chipmaker stock volatility sharpens By Jihoon Lee and Yena Park SEOUL, July 8 (Reuters) - South Korean shares fell sharply, extending losses into a third straight session on Wednesday, hit by volatility in chipmaker stocks over AI worries and growing concerns about risky investment products. The benchmark KOSPI was down 395.76 points, or 5.17%, at 7,260.55 as of 0519 GMT. That means it has dropped more than 20% from a record close


News source: https://www.msn.com/en-us/money/markets/south-korean-shares-drop-20-from-peak-as-chipmaker-stock-volatility-sharpens/ar-AA27sifc

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