KOSPI plunges 12% on midterm blue wave and tech sector selloff says Goldman Sachs
In short
South Korea's KOSPI index plunged 12 percent following a midterm blue wave and a widespread selloff in the technology sector, according to Goldman Sachs. The sharp decline reflects market pressure driven by the political shift and weakened performance across tech shares.
Key points
- South Korea's KOSPI index plunged 12 percent following a midterm blue wave and a widespre…: South Korea's KOSPI index plunged 12 percent following a midterm blue wave and a widespread selloff in the technology sector, according to Goldman Sachs.
- The sharp decline reflects market pressure driven by the political shift and weakened per…: The sharp decline reflects market pressure driven by the political shift and weakened performance across tech shares.