KOSPI swings 577 points as 8,000 nears, ending six-day climb

The KOSPI reversed lower after six trading sessions while standing close to the 8,000 level, delivering a highly volatile trading day. The index opened with gains in the 2% range, but momentum weakened sharply as controversy over a proposed “public dividend” tied to excess tax revenue weighed on investor sentiment. At one point during the session, the drop exceeded 5%, leaving investors facing a steep intraday swing. The 577-point fluctuation made the session look like a “roller-KOSPI” market. Even with expectations for a move above 8,000 still in focus, the day showed how policy-related debate and sentiment shifts can affect short-term market direction. Source: mk.co.kr