South Korean stocks slump most since late 2008 in tech rout

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SEOUL :South Korea's stock market marked its worst session since the global financial crisis of 2008 on Monday, with trading curbs activated for the first time in four years, as tech stocks slumped amid U.S.recession fears.

The benchmark KOSPI stock index ended the session down 8.8 per cent at 2,441.

The KOSPI was down more than 14 per cent from a six-month peak of 2,860.42 hit in July.

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Category: EconomyBusiness

Markets: SingaporeJapanSouth Korea

Topics: Korea Session Market Trading Cent Monday South Stocks Index Kospi Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 11:51:56 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21928361

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 40 posts per day

Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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