KOSPI nosedives

An electronic signboard at the dealing room of Hana Bank in Seoul on June 8, 2026, shows the benchmark Korea Composite Stock Price Index having lost 678.18 points, or 8.29 percent, to close at 7,484,41. South Korean stocks nosedived as investors dumped market heavyweights on renewed woes over artificial intelligence profitability and concerns over a possible hawkish pivot of the U.S. Federal Reserve. (Yonhap)

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