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المشهد العربي
Korean stocks fall amid foreign exits
South Korean stocks experienced a sharp decline of nearly 6% by the end of the trading session, marking the largest daily loss in three weeks, driven by intense selling activity, particularly in the semiconductor sector. Samsung Electronics' stock fell by 7.8%, SK Hynix by 9.75%, while Hyundai Motor and Kia Corporation declined by 4.85% and 3%, respectively. Foreign investors exited holdings worth 3.5 trillion won (approximately $2.5 billion), leading to a 1.4% depreciation of the Korean won against the dollar, with the exchange rate reaching 1,393.29 won per dollar. The KOSPI index dropped 5.80% to close at 6,471 points, and the KOSDAQ index decreased by 1.15% to 824 points, reflecting the negative impact of the widespread sell-off on the local market.
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