Market Meltdown: Why South Korea’s KOSPI Just Crashed 12%
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The KOSPI index in South Korea experienced a massive 12% drop, reflecting high volatility in local markets. This decline follows a previous 7% loss, marking the worst stock market crash since 2008 amid geopolitical tensions.
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The benchmark market index in South Korea, KOSPI, saw a massive decline during the last trading session, dropping by more than 12%. Undoubtedly, this last drop represents a significant escalation from earlier market movements and highlights the increasing volatility in local equity markets amid the war in Iran.
Worst Stock Market Crash Since 2008
As of this writing on Wednesday, KOSPI is down by more than 12%. On the previous trading day, the benchmark index lost another 7%, marking what appears to be the worst performance since 2008.
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