South Korea’s KOSPI tumbles 8% as Fed rate worries spark tech rout
South Korea’s benchmark KOSPI plunged 8.3% on June 8, triggering circuit breakers and leaving the index about 15% below its recent peak. The sell‑off was led by chip giants Samsung Electronics and SK Hynix, which fell over 10% amid renewed fears of a Federal Reserve rate hike spurring a broader tech rout.