South Korea’s Kospi Retreats From Record High as Tech Names Sell Off South Korea's benchmark Kospi index has retreated from its record high, dropping over 6% in a sudden decline that has raised concerns about the country's heavily weighted tech sector.
The plunge is not just a market correction but a stark reminder of the risks associated with concentration in key industries.
The Kospi's reliance on Samsung Electronics and SK Hynix is staggering – together they account for over 42% of the index.