HONG KONG (AP) — South Korea’s benchmark Kospi index sank more than 7% on Thursday as a sell-off of technology shares deepened after U.S. stocks fell on hotter-than-expected inflation data.
The Kospi index lost 7.1% in early trading to 5,584.83. Samsung Electronics slid 8.2% and South Korean memory chipmaker SK Hynix plunged 10.8%.
