Asian markets, July 30 -- Following the burst of the AI bubble and uncertainty caused by the prolonged US-Iran war, the global markets have been reeling under pressure for some time. However, the South Korean Kospi followed a different path altogether. Despite the outbreak of the US-Iran war on 28th February 2026, the Korean index continued to scale upward after some early jitters and surged to a record high of 9,385.59 on 22 June 2026.

However, after hitting this new peak, the Kospi index triggered profit-booking and finished at 9,114.55 on 22 June 2026. Since then, the index has remained a 'sell on rise' for its investors. Today, the Kospi index finished at 5,593.56, recording a loss of around 38.50% from its 22 June 2026 close.

Accor...