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KOSPI falls more than 2% as oil tops $100 and tech selloff deepens

KOSPI falls more than 2% as oil tops $100 and tech selloff deepens

South Korean stocks ended a three-day rally as Brent crude rose above $100, U.S. technology shares and the S&P 500 weakened amid escalating Iran-related tensions, and new U.S. tariffs clouded export sentiment.

Fact Check
Multiple independent sources including primary Korean reporting (Yonhap) confirm KOSPI fell on July 24, 2026 as Brent crude topped $100 amid a US-mirrored tech selloff, Iran/Middle East tensions, and new US tariffs. The decline exceeded 2% in all reports (5.72% per Yonhap and TradingEconomics; 2.82% per BigGo), fully satisfying the claim's 'more than 2%' threshold. There is minor numerical variance between sources on the exact close, but all confirm the direction and that the drop exceeded 2%.
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