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South Korea , Thursday 16 July 2026

Kospi enters bear market! What South Korea’s finance minister said after 20% crash

Published on: Tuesday 07 July 2026

Kospi enters bear market! What South Korea’s finance minister said after 20% crash South Korea’s Kospi entered bear market territory after falling over 20% from its June peak, dragged down by a sharp selloff in semiconductor giants Samsung Electronics and SK Hynix. Finance Minister Koo Yun-cheol warned that heavy concentration in chip stocks is increasing market volatility. Despite the correction, Kospi remains the world’s top-performing major index in 2026.


News source: https://www.msn.com/en-in/money/markets/kospi-enters-bear-market-what-south-korea-s-finance-minister-said-after-20-crash/ar-AA27sAD3

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