Svmuu News: According to South Korean media reports, the Korea Composite Stock Price Index (KOSPI) briefly fell below the 7,000-point mark during trading, triggering the seventh circuit breaker of the year. As geopolitical tensions between the U.S. and Iran escalated once again, foreign and institutional investors sold off stocks in large quantities, causing the index to plummet. This marks the first time in nearly two months—since May 4—that the KOSPI has fallen below 7,000 points during trading.
Data shows that foreign and institutional investors led the sell-off, with foreign investors net selling 2.23 trillion won and institutional investors net selling approximately 570 billion won, while individual investors net bought nearly 2.7 trillion won. Among institutional investors, the National Pension Service made net purchases of approximately 220 billion won. Recently, the South Korean stock market has been highly volatile, alternating between sharp rallies and steep declines. During today’s morning session, sellers triggered the “suspension of algorithmic trading mechanism” (side-car mechanism) for the 18th time this year, and the circuit breaker mechanism was even activated in the afternoon.
So far this year, the South Korean stock market has seen a cumulative total of 17 “side-car” triggers initiated by buyers and 18 triggered by sellers, for a total of 35 occurrences.