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Korean Stocks Tumble After Reaching Milestone as Foreigners Sell - Bloomberg.com
Overview
After SK Hynix and Micron hit $1 trillion valuations, South Korea’s gains became concentrated in a few chipmakers and the market proved vulnerable when the KOSPI tumbled. The emergence of a proposed platform law in Korea — and a model projecting $525 billion in losses to U.S. states if it is adopted — adds a regulatory risk that could deepen foreign selling and further amplify market swings tied to the chip sector.
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ORGBloombergLOCSouth Korea
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