South Korea’s Kospi index has fallen below the 5,300 level, marking a new low in a prolonged and accelerating bear market.
The breach of this psychological threshold underscores the severity of the ongoing correction, which has seen the benchmark index lose more than 40% of its value from the June peak of 9,000.
The latest decline follows a series of sharp drops, including a 5% plunge earlier in the week that saw the index slide to 6,448.
The latest decline follows a series of sharp drops, including a 5% plunge earlier in the week that saw the index slide to 6,448.86.
That session represented one of the steepest single-day declines in recent memory, driven by broad-based selling across major sectors.
The subsequent break below 5,300 indicates that selling pressure has not abated, with investors continuing to exit positions amid deteriorating market sentiment.
The rapid erosion of value has erased significant wealth for domestic and foreign investors alike.