South Korea's stock market falls 8% as global chip selloff accelerates, down 35% for the month.
Macro & Markets ·
South Korea's stock market has declined 8% amid an ongoing global selloff in chip stocks. The broader market is now trading 35% lower than its level at the start of the month, according to market data.
The sharp losses reflect intensifying pressure across semiconductor equities globally. South Korea's heavy weighting toward chipmakers and tech exports makes its benchmark particularly sensitive to sector-wide downturns.
What remains unclear is whether the selloff will stabilize or accelerate further, and whether the decline reflects broader economic concerns or is contained to the semiconductor space.