Business · Markets · 1 hr ago

South Korea’s KOSPI loses more than 1,000 trillion won in a week

South Korea’s KOSPI loses more than 1,000 trillion won in a week

South Korea’s KOSPI fell sharply as a market sell-off continued.

Over seven trading days, the index dropped about 20%, and its total market value fell by more than 1,000 trillion won.

The article links the latest losses to a shock in US inflation figures.

The KOSPI volatility index, known as a measure of investor fear, rose more than 18% to 53.07.

The technology-heavy KOSDAQ also fell, and automatic sell-stop measures were triggered in both markets.

The steep falls show how quickly investor confidence has weakened.

The figures describe trading on October 15, but no next step is given.

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