KOSPI crashes nearly 10 pct on massive tech sell-offs

South Korean stocks experienced a significant downturn Tuesday, with the KOSPI index dropping nearly 10 percent due to massive sell-offs in major tech shares, particularly semiconductors. Foreign investors cashed out, likely prompted by profit-taking and influenced by overnight declines in U.S. tech stocks. This event underscores the global interconnectedness of stock markets and highlights the vulnerability of technology-driven economies to international market shifts. The sharp drop serves as a stark reminder of how swiftly investor sentiment can shift, impacting not just local markets but global investor confidence.