Chip Stock Slump Erases Over 200 Trillion Won From South Korea's Market Cap

According to The Korea Herald, South Korea's stock market rally has stalled as chip stocks lost ground, wiping more than 200 trillion won ($147.3 billion) off the combined market capitalization of the Kospi and Kosdaq over the past month. The combined market cap of the benchmark Kospi and the tech-heavy Kosdaq stood at 5,962 trillion won as of noon Tuesday, according to Korea Exchange data. The Kospi market was valued at 5,498 trillion won, while the Kosdaq's market capitalization came to 459 trillion won.