KOSPI Plunges 18% from July 1 to July 13, Easing South Korea's Pension Fund Rebalancing Concerns

SK-11.26%
According to Korea Exchange, the KOSPI index plummeted 18.07% from 8,303.41 on July 1 to 6,806.93 on July 13, with circuit breakers triggered three times. The sharp decline allowed the National Pension Fund's domestic stock allocation to naturally fall from an estimated 31.1% on June 22 (exceeding its 28.8% ceiling) back within its strategic target of 26%, easing concerns about forced selling pressure. Samsung Electronics and SK Haiinx, which constitute major portfolio holdings, fell 23.8% and 30.38% respectively this month.
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