SEOUL: South Korea's stock benchmark plunged over 8% 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.
The KOSPI fell 8.3% to close at 7,484.41, marking its biggest daily fall since March 4. The index is now 15% below the peak of 8,801.49 hit on June 2.
