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Kospi Plunges Nearly 9%, MSCI Emerging Markets Hit 7-Week Low on Monday

Indices Commodities

2026-07-13 20:59:38

MSCI2.52%

SK Hynix-15.36%

On Monday, July 7, South Korea's Kospi index plunged nearly 9% after SK Hynix shares crashed and triggered a market-wide trading halt. The sell-off was driven by a wave of artificial intelligence stock liquidation across the region.

MSCI's Emerging Markets index fell 2.4%, closing at its lowest level since May 20. The declines were compounded by escalating Middle East tensions and rising oil prices, which pressured most emerging market currencies.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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