KOSDAQ Falls 23.27% in One Month, Worst Among Global Major Indices

According to News1, on July 16, KOSDAQ fell 23.27% over the past month, recording the steepest decline among major global stock indices. The index dropped from 1,000.93 in mid-June to below 800, hitting a one-year low of 749.76 on July 14. The decline reflects concentrated fund flows toward large-cap semiconductor stocks and investor sentiment deterioration.

Analysts suggest the selloff is technical and liquidity-driven rather than fundamental. If government policy measures ease the concentration toward mega-cap stocks, KOSDAQ may stabilize. The government has announced support measures, including increased KOSDAQ weighting in pension fund benchmarks and new KOSDAQ funds, aimed at strengthening retail investor participation.