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Tech Stock Sell-Off Drives South Korean Stock Market to Plunge, Marking Worst Weekly Performance Since March
2026-06-05 /
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Author：小编
On Friday, South Korea's stock market experienced a precipitous drop, registering its most significant weekly decline since the end of March. This downturn was largely fueled by a worldwide correction in tech stocks and a deadlock in the peace negotiations between the United States and Iran, both of which significantly curbed investors' appetite for risk. The South Korean won depreciated to its lowest point against the U.S. dollar since 2009. Concurrently, bond yields soared, prompting government officials, including Finance Minister Choo Kyung-ho, to issue verbal warnings against engaging in speculative, one-sided bets.
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