South Korean Stocks Tumble Amid Middle East Tensions and AI Stock Concerns

Kospi Middle East tensions Strait of Hormuz

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South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations.
Oil prices surged, strengthening the US dollar and increasing interest rate hike bets.
Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.

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South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations. Oil prices surged, strengthening the US dollar and increasing interest rate hike bets. Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.

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