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المشهد العربي
South Korean stocks fall on chip sector pressure
South Korean stocks experienced sharp declines, with the KOSPI index dropping by 5.46%, recording its lowest intraday decline of 7.4%. This marks the longest continuous downturn since September 2024, amid concerns over China's growing competition in the memory chip industry and investors taking profits, resulting in significant losses for tech companies like Samsung and SK Hynix.
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