KOSPI nosedives

An electronic signboard at the dealing room of Hana Bank in Seoul on July 2, 2026, shows the benchmark Korea Composite Stock Price Index having dropped 655.32 points, or 7.89 percent, to close at 7,648.09. South Korean stocks dipped nearly 8 percent, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concerns over excess capacity. (Yonhap)

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