If we actually close below 49,800, it would end up indicating that we are probably going back to 47,100 to maybe 46,200 kind of range in the coming weeks, so that is the setup in the main two indices that we are seeing.
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK
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