South Korea’s stock market suddenly plummets! KOSPI drops 7.6% as semiconductor giants come under pressure all together.


On July 16, the South Korean KOSPI index fell sharply by 7.6% in a single day, closing at 4,749.94 points, with market panic clearly rising.

Earlier, Samsung Electronics’ second-quarter earnings came in below expectations, and concerns about the global semiconductor industry spread again. With the U.S. CPI data, TSMC’s earnings report, and the Federal Reserve’s monetary policy decision drawing near, funds began to hedge in advance.

It is worth noting that this round of decline mainly focused on sectors related to semiconductors and chip manufacturing. The market is concerned that the strength of the global demand recovery may still be weak, and chip stocks may continue to face pressure in the near term.

#韩国股市 #KOSPI #半导体 #三星电子 $ASML#股市
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