South Korea (KOSPI) Volatility Surges After $13 Billion Selloff

AI Summary

South Korea's stock market volatility increased significantly after foreign investors sold $13.2 billion in local equities last week, leading to swings in the KOSPI index. The index experienced a drop of up to 4% following a 6% decline on Friday. The KOSPI Volatility Index rose by 2.56% on Monday, nearing previous peaks. The substantial outflow from South Korea accounted for most of the $17 billion withdrawn from emerging Asian markets, highlighting increased selling pressure amid geopolitical tensions and market concerns.