Overview
- The KOSPI closed down about 4.52 percent at 7,730.82 on Wednesday after an intraday fall that erased most of the prior session’s surge.
- Reports that the U.S. struck Iran following the downing of an American Apache helicopter combined with Broadcom’s weak forecast and news of a Crusoe Energy project pause to sap risk appetite.
- The Korea Exchange activated a sell-side sidecar that halted program trading for five minutes as losses accelerated, reflecting strain from automated trading flows.
- Foreign investors sold for the 23rd straight session, dumping a net 2.77 trillion won while retail buyers and some institutions bought 4.86 trillion won of local shares.
- The won weakened by roughly 12 won to about 1,524 per U.S. dollar and large-cap tech and conglomerate stocks led the declines, with Samsung, SK hynix, Naver and LG among the heaviest losers.