The Kospi Index retreated sharply this week, reaching its lowest level since June 12, as technology stocks plunged. It retreated by 10% on Tuesday, and continued the trend today, June 24.
David Tepper added to his position in the iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter of 2026, building on a stake he first established in the fourth quarter of 2025.
The same memory-chip cycle that has made Samsung and SK Hynix soar is forcing the Bank of Korea toward rate hikes, leaving Korean sovereign debt the worst performer in the world. It is a case study in how an AI boom can wreck a boring asset class rather than fund it.
The Kospi Composite Index jumped by nearly 10% today, June 12, and moved closer to the all-time high. It jumped to KRW 8,430, a few points below the record high of KRW 8,925.
Asian stocks fell on Thursday, reversing an early attempt at gains, as hotter US inflation data and a fresh escalation in the Iran conflict pushed investors back into defensive positions and drove oil prices higher. The mood across regional markets weakened after Wall Street suffered a sharp selloff overnight, with traders reassessing the outlook for interest rates and earnings growth.
This story is part of Forbes' coverage of Taiwan's Richest 2026. See the full list here.
Increasing use by retail investors or ‘ants' of leveraged products to gain fast exposure to market upside is amplifying market volatility on Korea's rollercoaster exchange.
South Korea's Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday's low of KRW 7,435 as technology stocks jumped and crude oil prices retreated.
South Korea's benchmark Kospi index has emerged as one of the standout performers this year – capturing headlines with record year-to-date gains of more than 70%. Yet, this meteoric rise has triggered a mass departure of foreign institutional capital, with investors offloading billions of dollars in domestic stocks.
If you owned iShares MSCI South Korea ETF (NYSEARCA:EWY) on Friday morning, you had a roughly $204 share by the closing bell that was worth $175.19, a roughly 14% single-day decline that, by intraday magnitude, was the fund's worst session since the March 2020 COVID crash.
South Korea's KOSPI plunged on Monday as a global chip selloff turned into a full-blown stress test for one of the world's hottest equity markets. The benchmark index triggered a Level 1 circuit breaker just minutes after the open, falling as much as 8.4% to around 7,477 in early trade.
South Korea's KOSPI tripped circuit breakers in early Monday local trading and is down roughly 7.25% as of 10:45 p.m.