KOSPI

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Illustration of South Korean traders reacting to plunging stocks and Bitcoin below $63,000 with liquidation alerts.
AI:n luoma kuva

South Korea stock plunge sends Bitcoin below $63,000

Raportoinut AI AI:n luoma kuva

South Korea’s benchmark stock index plunged nearly 10 percent on June 23, dragging Bitcoin below $63,000 and triggering more than $700 million in crypto liquidations. The selloff followed an admission by regulators that they had rushed approval of leveraged exchange-traded funds tied to major chipmakers.

Seoul stocks opened slightly lower on Tuesday, tracking overnight losses in US tech shares. The KOSPI fell 0.34 percent to 9,083.54 at the opening bell.

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Seoul stocks opened at a fresh record high on Thursday despite overnight Wall Street losses tied to Federal Reserve signals and Iran uncertainty. The benchmark KOSPI started at 8,884.92.

South Korean stocks opened lower on Monday amid worries over inflation and declines on Wall Street. The KOSPI shed 0.67 percent to 7,443.29 at the opening bell.

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South Korean stocks opened lower on Friday after a recent rally and renewed military tensions in the Middle East following clashes between the United States and Iran.

Seoul stocks opened sharply higher on Monday, with the KOSPI index rising more than 1% and hitting a fresh intraday record, despite fading hopes for a US-Iran peace breakthrough over the weekend. US President Donald Trump canceled a planned trip by US negotiators to Pakistan, while Iran's Foreign Minister Abbas Araghchi headed to Russia.

Raportoinut AI

Seoul shares ended flat on Friday as investors bought defense and shipbuilding stocks to offset declines in major tech shares amid Middle East tensions. The benchmark KOSPI edged down 0.18 point to close at 6,475.63. The South Korean won fell against the U.S. dollar.

 

 

 

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