The South Korean stock market suffered its worst day in history on June 23, with the Kospi plummeting 9.99% to close at 8,204.06.
This was the largest one-day point drop on record for the index, surpassing even the previous benchmark of 910.49 points. The sharp decline triggered a circuit breaker, halting trading for 20 minutes and underscoring the deterioration in investor sentiment.
The sell-off was led by heavyweight stocks such as SK Hynix and Samsung Electronics, which fell by double digits. Foreign investors were net sellers of 5.7917 trillion won, while institutions sold a net 5.4865 trillion won.
The slump has sent shockwaves through the market, with predictions suggesting that it may trigger risk-averse sentiment and lead to capital outflows from the crypto market.