South Korea's stock market plunges as AI-driven boom fades
“It’s very difficult to say when will this selloff end, but at the moment, it’s definitely not the trade where we want to be.”The benchmark KOSPI .KS11 index dropped as much as 12.6 percent before trimming some losses to close down 6 percent, extending Tuesday’s near-11 percent rout. He added that the government is reviewing market stabilisation measures, including regulation of the funds, which some analysts have blamed for increasing the amount of leveraged trading in Seoul’s market.Koo, the governor of the Bank of Korea, and heads of financial regulators met late Wednesday to discuss the crisis. The meeting came two weeks after their last meeting on July 16, when they announced tighter regulations to cool the ETF investment boom.
- ▪“It’s very difficult to say when will this selloff end, but at the moment, it’s definitely not the trade where we want to be.”The benchmark KOSPI .KS11 index dropped as much as 12.6 percent before trimming some losses to close down 6 percen
- ▪He added that the government is reviewing market stabilisation measures, including regulation of the funds, which some analysts have blamed for increasing the amount of leveraged trading in Seoul’s market.Koo, the governor of the Bank of Ko
- ▪The meeting came two weeks after their last meeting on July 16, when they announced tighter regulations to cool the ETF investment boom.
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| Original publisher | Al Jazeera |
| Canonical URL | https://www.aljazeera.com/economy/2026/7/29/south-koreas-stock-market-plunges-as-ai-driven-boom-fades |
| Publication time | Thu, 30 Jul 2026 17:54:23 +0000 |
| Retrieval time | 2026-07-30T18:37:19.466Z |
| Last seen | 2026-07-30T18:37:19.466Z |
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EconomySouth Korea’s stock market plunges as AI-driven boom fadesListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoLee Seung-ho, a university student and investor, looks at a stock trading platform after an interview with Reuters in Seoul, South Korea, July 15, 2026 [Kim Hong-Ji/Reuters]By ReutersPublished On 29 Jul 202629 Jul 2026South Korean stocks have dropped for a second consecutive session, with Seoul’s equity market losing about $2.18 trillion in value.Tuesday’s drop continued on Wednesday, putting the market on course for its steepest monthly drop on record.Recommended Stories list of 3 itemslist 1 of 3OpenAI’s rogue agent hacked an account at a second technology firm: Reportlist 2 of 3How…
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