South Korea's Kospi index falls after long weekend, chip stocks follow global peers' weakness
South Korea's Kospi index fell as much as 4.5%, led by chip stocks, as traders returned to the market after a three-day long weekend holiday. Kospi index down 28% from June peak Samsung Electronics, SK Hynix and SK Square were the biggest drags on the index According to Yonhap News Agency, ruling party officials met with financial regulators on Monday morning and may discuss matters related to leveraged ETFs. Note: The Korean stock market was closed last Friday due to a holiday, and global chip stocks were sold off that day.