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Kospi Index falls sharply in overnight trading, Jesse Cohen notes

Kospi Index falls sharply in overnight trading, Jesse Cohen notes
Kospi Index drops nearly 4 percent

South Korea's tech-heavy Kospi Index plunged almost 4 percent overnight.

Jesse Cohen, a senior markets analyst at Investing.com, highlighted the sharp decline and questioned the reason behind the selloff.

Cohen previously reported that futures suggested steep declines for tech stocks as shares of AI companies dropped before market open. More recently, he noted the surge in AMD shares to a record $616.69, pushing its valuation above $1 trillion. These developments come as global technology stocks remain in focus.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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