KOSPI Posts Second-Worst Session Since 2008 as Tech Selloff Deepens
KOSPI experienced its second-worst trading session since 2008 amid an intensifying tech selloff. Separately, Iran pushed back on a recent optimistic statement by US Vice President Vance regarding nuclear talks.
The selloff in technology stocks deepened sharply, dragging South Korea's KOSPI index to its second-largest single-day decline since the 2008 financial crisis. The move underscores mounting risk aversion in global markets, with tech-heavy indices coming under particular pressure.
In a separate development, Iranian officials pushed back on recent optimistic remarks by US Vice President JD Vance regarding potential progress in nuclear negotiations. The pushback adds a layer of geopolitical uncertainty, though it remains unclear how directly this influenced market moves.
Source: FXStreet Forex News