South Korean shares post worst week since March on US tech selloff

South Korean shares post worst week since March on US tech selloff

SEOUL: South Korean shares dropped sharply on Friday to post their biggest weekly fall in more than three months, as overnight losses in U.S. tech stocks prompted investors to book profits.

Kospi suffers worst week since March: Why has the index turned so volatile?

South Korean stocks ended their worst week in more than three months on Friday, capping a turbulent stretch that has also prompted comparisons between the country's benchmark equity index and the meme-stock frenzy that gripped global markets in 2021.The benchmark KOSPI index closed down 519.09 points, or 5.81%, at 8,411.21 after tumbling as much as 9% earlier in the session, triggering circuit breakers for the second time this week.The move mark…