Yonhap Infomax NewsSouth Korea's KOSPI index plunged over 2% at the open, mirroring sharp losses in US markets as expectations for a December Federal Reserve rate cut faded amid hawkish Fed commentary and weak tech stocks.
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'December Rate Cut Expectations Diminish'—KOSPI Opens Down Over 2% Following Sharp US Market Selloff
South Korea's KOSPI index plunged over 2% at the open, mirroring sharp losses in US markets as expectations for a December Federal Reserve rate cut faded amid hawkish Fed commentary and weak tech stocks.