South Korean Market Drops 16% in Two-Day Selloff

The South Korean KOSPI index fell for a second consecutive session, losing approximately $2.18 trillion in market value amid a broader selloff in chipmaker stocks.

The index has declined nearly 40% from its peak one month ago, prompting the Finance Ministry to announce stricter regulations on single-stock leveraged ETFs.

Despite the recent 16% two-day plunge, the KOSPI remains up 41.5% in US dollar terms year-to-date, maintaining its status as a top-performing major market.