Over ₩213,800,000,000,000 ($144 BILLION) has been wiped out from the South Korean stock market as the KOSPI fell -3.5%.
KOSPI has crashed -30% from its peak, officially entering a bear market.
🚨 THIS IS THE MOST VIOLENT STOCK MARKET IN SOUTH KOREA'S HISTORY.
The Korea Exchange has now triggered more than 35 sidecars and 7 circuit breakers in 2026 alone.
In 2008, during the Global Financial Crisis, the entire year saw 26 sidecars total.
South Korea just did that in under seven months, and beat it.
KOSPI's own volatility index has now climbed higher than it ever did in 2008, making this the most volatile the Korean market has ever traded, in its entire history.
Today as well KOSPI crashed 5%, wiping out ₩260 trillion from its marketcao and triggering yet another sell side sidecar.
Sources have told me Russia has been flying suspicious flights into Iran possibly with complex components for missiles and drones within the last couple weeks and is likely supplying the country continuous satellite imagery to strike US bases in the Middle East.
BREAKING: The US announces that 2 service members have been killed and several were wounded by an Iranian attack on an air base in Jordan.
The Iranian attack took place at an air base which US warplanes have used for operations against Iran, according to US officials.