South Korea's Kospi plunges more than 7% as tech sell-off hits Asian markets

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

MarketsInvesting.com · AP

Photo: AP

How coverage differs Investing.com frames the drop as a wider Asian market tumble with a circuit breaker; AP stresses the Kospi's percentage loss, U.S. inflation trigger and Samsung's decline.

South Korea's benchmark Kospi index fell more than 7% on Thursday as a technology sell-off deepened, with a circuit breaker reportedly triggered and other Asian stocks also falling. AP reports the index lost 7.1% in early trading to 5,584.83, with Samsung Electronics down 8.2%. The sell-off followed a drop in U.S. stocks after hotter-than-expected inflation data.

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