Hong Kong, July 2, 2026 (AFP) - Seoul's Kospi tanks as Asia tech firms suffer another blow

NAMPA / AFP

2026-07-02

South Korean stocks plunged nearly eight percent Thursday in tech stock rout in Asia as investors unwound huge bets on the sector that have propelled markets to record highs. However, Federal Reserve boss Kevin Warsh provided some support after saying price pressures had "come down" in recent weeks, soothing fears the central bank was preparing for an interest rate hike. Trading floors remain edgy after a recent run of volatility fuelled by conce......

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