South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%

South Korea’s blue chip Kospi stock market lost almost a quarter of its value in 2022, ending down -24.9%, it was the weakest major Asian stock market this year with its worst performance since 2008. The Kospi was closed for a holiday on the last trading day of the year and closed down -3.3% for the week. Weakness in semiconductor stocks and internet giants particularly hurt the Index with Samsung Electronics being a major component and down 26% decline. Kakao was down … Continue reading “South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%”