New Delhi, Aug. 12 -- South Korea's KOSPI has witnessed a sharp reversal in just a month. The index plunged from 8,476 points on 30 June to 5,593 points by 31 July, a fall of about 34%, before recovering much of those losses and narrowing the decline significantly over the last few trading sessions.

The KOSPI gained nearly 116% in H1 2026, briefly making South Korea the world's sixth-largest stock market, touching an all-time high of 9,385 points on 19 June. This happened after a large share of global capital was pulled away from markets like India toward artificial intelligence- and semiconductor-driven markets such as Taiwan and South Korea.

The dramatic crash and rebound cycle has renewed attention on the index's heavy dependence on ...