South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks

South Korea's KOSPI index plummeted nearly 9% on Monday, triggering circuit breakers, as strong U.S. jobs data fueled expectations of Federal Reserve rate hikes. Tech giants Samsung Electronics and SK Hynix saw significant drops, impacting the AI-driven rally. Despite the sharp decline, the KOSPI remains up substantially year-to-date.