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المشهد العربي
South Korean stocks decline after interest rate hike decision
South Korean stocks declined sharply following the central bank's decision to raise interest rates for the first time in over three years. The KOSPI index dropped by 6.35%, closing at 6,820 points, with shares of SK Hynix plunging 11.5% and Samsung Electronics falling 8.8%. Electronic chip company stocks led the sell-off amid concerns over rising valuations and slowing profit growth. Meanwhile, the won appreciated by 0.7% to 1,477.8 against the dollar, reaching its highest level since May.
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