KOSPI plunges 5.46% as foreign selling drives valuations to record low

Korea Times News ·
South Korea

KOSPI plunged 5.46 percent Tuesday, as heavy foreign selling and deteriorating sentiment toward semiconductor stocks pushed the benchmark index's 12-month forward price-to-earnings ratio to a record low on a closing basis. KOSPI closed at 6,035.35, down 5.46 percent. A sell-side sidecar was triggered at 9:47 a.m., marking the 26th activation this year. It fell below 6,000 intraday before…

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