The benchmark stock index suffered one of its steepest single-session declines in recent memory, with traders in Seoul bracing for further volatility.
South Korea’s KOSPI fell more than 7.5% in a sharp single-session selloff described as one of the benchmark index’s steepest declines in recent memory. The move points to intense risk-off sentiment in Seoul, where traders were bracing for whatever comes next as the market absorbed the drop.