KOSPI Plunges 8% on June 26, Erasing $360 Billion in Market Value

According to Bull Theory, the KOSPI index plunged 8% on June 26, erasing approximately $360 billion in market value and triggering the fifth trading halt this month. Samsung and SK Hynix, which together comprise about 45%-50% of the index, each fell around 9%. The latest sell-off marks the continuation of extreme volatility; on June 22-23, the index dropped 10%, the second-worst day in KOSPI history.
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