Samsung SDI is trading 4.3% down at KRW 434,500 after a surprise Bank of Korea interest rate hike sparked a sharp selloff in South Korea’s equity market.
- The KOSPI index reportedly plunged 6.6%, pressuring high-valuation tech and semiconductor-related names as the broader market retreated.
- Investors are rapidly de-risking and taking profits across growth sectors in response to the unexpected monetary tightening.