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Emerging Market Stocks Fall on Korea Selloff; Currencies Weaken

Emerging Market Stocks Fall on Korea Selloff; Currencies Weaken
Bloomberg Markets Tuesday 23 June 2026, 11:20 UTC By Peter Laca 1 min read
Key Points

Emerging Market Stocks Fall on Korea Selloff; Currencies Weaken A selloff in South Korea’s technology giants dragged the gauge of emerging-market equities down, while most developing-nations’ currencies weakened as global risk sentiment worsened. The MSCI’s stock index for emerging markets fell 3.7%, heading for the biggest drop since April last year. Chipmakers Samsung Electronics Co. and SK Hynix Inc. both fell more than 12%, pulling the Kospi index 10% lower.

Emerging Market Stocks Fall on Korea Selloff; Currencies Weaken A selloff in South Korea’s technology giants dragged the gauge of emerging-market equities down, while most developing-nations’ currencies weakened as global risk sentiment worsened. The MSCI’s stock index for emerging markets fell 3.7%, heading for the biggest drop since April last year. Chipmakers Samsung Electronics Co. and SK Hynix Inc. both fell more than 12%, pulling the Kospi index 10% lower. Taiwan Semiconductor Manufacturing Co. also slid in a broader pullback from stocks linked to artificial intelligence.
Korea (LOCATION) South Korea’s (LOCATION) MSCI (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Kospi (PERSON) Taiwan Semiconductor Manufacturing Co. (ORG)
Originally published by Bloomberg Markets Read original →

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