Kospi Plunges 6.6% as BoK Shocks with First Hike Since 2023; Oil Dips
South Korea’s Kospi crashed 6.6% after the Bank of Korea unexpectedly hiked rates for the first time since 2023, triggering a mass sell-off in AI chip stocks. Meanwhile oil prices slipped despite escalating US-Iran strikes, and TSMC’s blockbuster $100B U.S. investment plan and record earnings offered a lone bright spot.
Source: smdailyjournal.com · newsday.com