KOSPI Falls 6.12% to 7,493 After Briefly Breaking 8,000

The KOSPI briefly climbed above 8,000 in early trading on the 15th, breaking the so-called dream 8,000 level, but then reversed sharply and ended in the 7,400 range. The index closed at 7,493, down 488.23 points, or 6.12%, from the previous session. The early move above 8,000 drew market attention, but the index later widened its losses and gave back the gains. With the day’s trading range expanding sharply, investors focused on the index’s direction and short-term volatility. The move highlighted volatility in South Korea’s stock market after the brief 8,000-point breakout. Source: mk.co.kr