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KOSPI Plunges 28.5% in Past Month to 6,516 Points; V-Shaped Recovery Unlikely

2026-07-27 04:19:38

According to Eugenecorp Securities researcher Huh Jae-hwan, South Korea's KOSPI index plunged 28.5% from June 21's intraday peak of 9,114 points to 6,516 points on July 20, marking its largest decline since the 2008 financial crisis. SK Hynix shares fell 39.6% from their peak. Huh expects stock prices to take approximately one month to recover, but a V-shaped rebound similar to the COVID-19 pandemic recovery appears unlikely given the Bank of Korea's strong prospects for further rate hikes and deteriorating cash flow among global big tech companies.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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