South Korean Retail Investors Face Losses as KOSPI Plunges 9.99% in Single Day

According to Financial News, on July 3-4, South Korean retail investors who entered the stock market during the recent bull run faced sharp reversals as the KOSPI experienced extreme volatility. Investors who bought semiconductor heavyweights Samsung Electronics and SK Hynix at peak levels—following the stocks' exceptional gains (SK Hynix rose 16-fold from approximately 170,000 won to 2.987 million won earlier this year; Samsung jumped more than 5-fold)—saw their accounts turn from profit to loss. The market experienced a single-day plunge of 9.99% (910.71 points) last month, with the volatility index (VKOSPI) exceeding 90, triggering multiple circuit breakers and side-car halts. Experts warn volatility is likely to persist, making the transition difficult for inexperienced investors who joined at the market peak driven by fear of missing out (FOMO).
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