KOSPI Dips 1.5% as Chip Stocks Slide Amid U.S. Tariff Concerns

U.S. Tariff News Sends KOSPI Down 1.5% on Tech Stock Sell-Off

KOSPI: South Korean stocks slipped on Monday, weighed down by declines in semiconductor shares following reports that U.S. President Donald Trump plans to impose tariffs on semiconductor imports in the coming weeks. The benchmark index dropped 48.38 points, or 1.50%, closing at 3,177.28.

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Leading chipmakers took a hit, with Samsung Electronics shares falling 2.23% and SK Hynix dropping 3.25% on the KOSPI. LG Energy Solution, a key player in battery manufacturing, also slid 2.79%. The news of impending tariffs has rattled investor confidence in the tech sector, a vital component of South Korea’s economy.