KOSPI plummets

A financial data screen in the dealing room of Hana Bank in Seoul on Feb. 2, 2026, shows the benchmark Korea Composite Stock Price Index having lost 274.69 points, or 5.26 percent, to close at 4,949.67. South Korean stocks nosedived, triggered by a risk-averse sentiment following the nomination of the new Federal Reserve chair and a sharp decline in silver and gold prices. (Yonhap)

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