South Korea Steps Up Efforts to Steady Kospi After 6% Drop
The Kospi fell 6% to close at 5059.60 on Friday as chipmakers slid after an overnight selloff in U.S. peers. South Korea stepped up efforts to steady the market.
By Kwanwoo JunSEOUL--South Korea stepped up efforts to steady its battered stock market as an unwinding artificial-intelligence trade sent chip makers' shares sharply lower following an overnight selloff in their U.S. peers.The benchmark Kospi index fell 6% to close at 5059.60 on Friday, paring ear…