Business
Last Week’s Mini DeepSeek Moment Blows Over, but KOSPI Struggles Persist
Asian markets were mixed at the end of Monday’s trading session, but South Korean equities sunk deeper into last week’s selloff.
South Korea’s KOSPI Index fell 4.5% to close at its lowest level since the end of April. China’s Shanghai Composite and Hong Kong’s Hang Seng Index ended their respective trading days up 0.9% and 2.4%, respectively. Japan’s market was closed in observance of the Marine Day holiday.
Last Friday’s selloff was part of a broader rotation out of tech, specifically semiconductors, leading the Asian market especially exposed given the region’s prominence in the chip trade.
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