South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

South Korea's stock benchmark plunged nearly 9% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets ‌on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.

Jun 8, 2026 - 09:00
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South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks
South Korea's stock benchmark plunged nearly 9% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets ‌on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.

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