South Korea KOSPI Drops 4% Amid Volatility; Ministry Monitors Risks
2026-07-08 09:47

Woofun AI reports that the South Korean Ministry of Finance stated Finance Minister Kim Yun-seok will closely monitor risks exacerbating stock market volatility following consultations with the central bank governor and financial regulators. The Ministry attributed recent market fluctuations to profit-taking by foreign and institutional investors, portfolio rebalancing, and shifting global expectations in the AI sector.

During early trading, the KOSPI index declined by as much as 4%, hitting its lowest point since May 20, before recovering due to a rebound in semiconductor shares. Officials highlighted that the heightened concentration within the semiconductor industry is a significant factor intensifying financial market instability.

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Kim Yun-seok
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