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Hot US inflation sends Kospi down nearly 6%

Original: Hot US inflation hammers Kospi nearly 6% lower as chips buckle

South Korea's Kospi plunged almost 6% after hotter-than-expected US inflation data, with semiconductor stocks leading the decline. Chipmakers, heavily tied to global rate expectations, fell sharply as investors bet the Federal Reserve would keep rates higher for longer, dragging Seoul's market to one of its worst sessions and rattling Asian equities broadly.

Why now: The surprise US inflation print triggered a global risk-off selloff, hitting Korea's chip-heavy index especially hard.

KospiUS Federal ReserveSouth Koreasemiconductor industry

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Evidence

• Hot US inflation hammers Kospi nearly 6% lower as chips buckle · KED Global

API: https://socialmediatrends-api.osmike.com/v1/trends/2304116