Finance1 min read

KOSPI plunges 12% on midterm blue wave and tech sector selloff says Goldman Sachs

By · Via Investing.com Markets · Published by Everything Blog

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.
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