Cospi falls most in three months
The South Korean "Kospi" index dropped by 9.99%, marking its largest decline in over three months, as foreign investors sold chip company shares accounting for more than half of the market value. This came after regulators indicated that the recent rally was overstated. The losses led to a 20-minute suspension of trading on the stock exchange, and concerns increased about market volatility due to retail investors' participation and their use of leverage in trading.
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