KOSPI drops

An electronic signboard in the dealing room of Hana Bank in Seoul on May 3, 2023, shows the benchmark Korea Composite Stock Price Index having fallen 22.99 points, or 0.91 percent, to close at 2,501.40. South Korean stocks closed sharply lower as uncertainties surrounding the U.S. banking crisis reignited recession fears ahead of the Federal Reserve's policy meeting this week. (Yonhap)

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