✉news BusinessMarkets first seen 2 d ago, last 1 d ago, peak #15
South Korea's Stock Market Plunges Amid Hot US Inflation
Original: Korea’s Stock Market Is in Free Fall, and Hot U.S. Inflation Just Made It Worse
South Korea's stock market is falling sharply, with a stronger-than-expected US inflation reading adding to the pressure. Rising US inflation dims hopes of interest-rate cuts, prompting investors to pull back from riskier Asian equities. The report describes the Kospi's slump as a free fall, with foreign selling weighing on Korean shares already sensitive to global rate expectations.
Why now: Investors are alarmed by the combination of steep Korean market losses and stubborn US inflation that delays expected rate cuts.
Evidence
- Korea’s Stock Market Is in Free Fall, and Hot U.S. Inflation Just Made It Worse · Yahoo Finance
- Korea’s Stock Market Is in Free Fall, and Hot U.S. Inflation Just Made It Worse · 24/7 Wall St.
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