Kospi Plunges 7% as U.S. Inflation Hits 3.7% — SkimNews
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- South Korea's Kospi plunged 7% as S&P 500 futures fell ahead of more U.S. economic data
- U.S. inflation rose to 3.7% in the final snapshot of consumer prices before the midterm elections, per CNN
Why it matters: A 7% single-session Kospi plunge shows risk aversion sweeping well beyond Wall Street. The 3.7% inflation print, the final consumer-price reading before voters head to the polls, drops in a politically charged window for both parties.
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