October 12, 2026 05:58:12 UTC
South Korea’s KOSPI fell more than 3% intraday on October 12, dropping to around 6,420 points. The index is now roughly 31% below its June peak, highlighting sustained pressure on the country’s stock market. The decline has put investors on alert for further losses. Market watchers will monitor whether the sell-off continues or buying activity helps the index recover. Claims that $108 billion was wiped out have not been independently confirmed.
October 12, 2026 05:58:12 UTC
South Korea’s KOSPI index fell 3.2%, wiping out more than ₩162.67 trillion ($108 billion) in stock market value. The index is now down 31% from its June peak, keeping it in bear market territory. The decline reflects continued pressure on South Korean equities and investor holdings.
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