KOSPI Falls Below 7,500 After 8,000 Break, Support at 7,000 in Focus

South Korea’s stock market showed extreme volatility on the 15th. The KOSPI appeared to make history by breaking above the 8,000 level intraday for the first time, but sharp selling followed and drove the index vertically below 7,500. The original report described the move as occurring amid the burden of a short-term surge and concerns over strikes affecting market sentiment. In the cited market view, the first support line was presented at 7,000. Investors may need to watch the selling pressure after the 8,000 break, the drop below 7,500, and whether 7,000 holds. Source: mk.co.kr