Hong Kong, June 8, 2026 (AFP) - Rout in Seoul stocks leads Asian losses as AI tech rally hits wall

NAMPA / AFP

2026-06-08

Seoul's Kospi stock index dived more than eight percent to lead a rout across Asia on Monday as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike. News that Iran and Israel had traded fire sparked worries about an escalation of the Middle East crisis, adding to the gloomy mood on trading floors and sending oil prices surging more than five percent. The technology sector bore the brunt of losses......

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