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KOSPI Falls Below 7,000 as Semiconductor Stocks Plunge During Holiday Period

2026-07-19 22:53:25

During South Korea's holiday period on July 16, the KOSPI index fell below 7,000 and semiconductor stocks plummeted amid global sector weakness, according to E Daily. Securities analysts attributed the decline to psychological and liquidity-driven factors rather than deteriorating fundamentals, noting that semiconductor valuations have approached historic lows. Analysts suggested treating the selloff as a buying opportunity to increase sector exposure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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