South Korea's KOSPI Falls 11% on July 12 as Semiconductor Selloff Spreads to Entertainment and Banking Stocks

According to Edaily, South Korea's KOSPI index fell 11% on July 12 as semiconductor giants Samsung Electronics and SK Hynix declined. While large-cap semiconductor stocks weighed on the index, mid-cap stocks and defensive sectors such as entertainment, leisure, and banking stocks rose, reflecting a sectoral rotation as market funds shifted away from semiconductors.
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