KOSPI Fed tapering tech stocks Asia
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South Korea’s KOSPI Plunges 8.75% Amid Fed Tapering Concerns, Rattling Asian Tech Markets
South Korea's benchmark KOSPI index experienced a significant decline, plummeting 8.75% on September 24, 2021, driven by investor fears over the U.S. Federal Reserve's potential acceleration of monetary policy tightening, which led to a broad sell-off in technology shares across Asia.