Global Market: South Korean shares fall over 1% as chip stocks retreat
South Korean shares fell more than 1% on Thursday as investors booked profits in chipmakers following the previous session’s sharp rally, while attention turned to the Bank of Korea’s policy outlook and its assessment of economic growth.
The benchmark KOSPI fell 66.34 points, or 1.16%, to 5,669.32 as of 0126 GMT. The index had surged 3.3% on Wednesday, marking its biggest single-day gain in six weeks, driven by a rebound in semiconductor stocks.
