KOSPI slides 22% from June peak, technical bear market triggered
South Korea's KOSPI peaked at 9,385 on June 19, up 122% year‑to‑date, then fell 22% to enter a technical bear market after a 5% daily drop on July 8. The sell‑off reflects profit‑taking, $11.7 bn of foreign outflows and regulator warnings on leveraged ETFs tied to semiconductor giants Samsung and SK Hynix, which also face cycle‑risk concerns.