🔴 LG Electronics is trading 6.5% down today after surprise BOK rate hike

LG Electronics is trading 6.5% down at KRW 65,900 as South Korean equities reel from a surprise interest rate hike by the Bank of Korea.

• The Bank of Korea (BOK) unexpectedly raised its benchmark interest rate to 2.75%, triggering a sharp decline across the domestic market.
• The broader KOSPI index plunged 6.6%, with heavy selling hitting major technology names amid sector-wide risk-off sentiment.
• LG Electronics is tracking the broader market downturn as investors react to the tightening monetary policy and its impact on the tech sector.