South Korean Stocks Enter "Technical Bear Market," Down 20% From February Highs
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The South Korean stock market has entered a technical bear market, with the Kospi index falling 20% from its February high. Tensions in the Middle East are driving up oil prices, fueling inflation concerns and dampening risk appetite in the tech sector. Shares of Samsung Electronics and SK Hynix both dropped over 5%, dragging down the index. Investors are questioning the sustainability of AI-driven demand for memory chips. Market risk warning: investment requires caution
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