글로벌 경제·증시·AML Briefing — June 24, 2026
The Korean stock market is seeing extreme volatility after yesterday’s record "Black Tuesday" drop, while the U.S. Fed's hawkish stance is fueling expectations for rate hikes. Meanwhile, the FATF is calling for tighter regulations on virtual assets and DeFi.
Global Economic, Stock Market, and AML Briefing — June 24, 2026
Market Status
KOSPI: Rebounded 3–4% during trading on June 24 (local time) after a 12% crash the previous day; managed to reclaim the 8,500 level.
The KOSPI 200 Volatility Index (VKOSPI) has soared to its highest level since the financial crisis, reflecting intense market anxiety. On the 23rd, the KOSPI recorded a historic drop that triggered consecutive circuit breakers and sell-side sidecars.
KOSDAQ: Continued to underperform as capital heavily concentrated in the KOSPI, with its market cap share hitting a 27-year low (6.80%).
Domestic Economic News
Consumer Sentiment Improved for Two Consecutive Months The Bank of Korea’s "Consumer Survey for June 2026" shows that the consumer sentiment index remained optimistic for the second month in a row. However, interest rate forecasts rose at the sharpest rate in about nine years.
Investor Trading Trends As of June 22, individual and institutional investors were net buyers in the domestic stock market, with eyes now on the direction of foreign investor activity.
Global Economy & Markets
U.S. Fed: Growing Likelihood of Rate Hikes This Year Following the hawkish stance of new Federal Reserve Chair Kevin Warsh, U.S. 2-year Treasury yields hit a 16-month high. Bank of America (BofA) expects the Fed to begin raising the benchmark interest rate in September, with a total of three hikes by the end of the year.
Concerns Over Bond Market Volatility Due to Reduced Forward Guidance Experts are warning that the Federal Reserve's move to reduce forward guidance could lead to decreased transparency and increased volatility.
Fed Under Pressure to Hike Rates Due to Inflation With both monthly and annual increases in the U.S. Personal Consumption Expenditures (PCE) price index (scheduled for release on June 25) expected to accelerate, the Fed is under mounting pressure to raise rates.
Stock Market Trends
KOSPI Extreme Volatility Driven by Semiconductors Profit-taking on large-cap semiconductor stocks like Samsung Electronics and SK Hynix caused a market collapse on the 23rd, though bargain hunting triggered a rebound on the 24th.
KOSDAQ Feeling Neglected Ahead of 30th Anniversary The KOSDAQ market is struggling as focus shifts to the KOSPI, and specific details regarding market promotion/demotion rules are expected to be delayed until the fall.
AML & Financial Regulation
FATF Calls for Stronger Response to New Financial Crimes in Virtual Assets & DeFi The Financial Action Task Force (FATF) has decided to strengthen international cooperation to address the risks of new financial crimes involving virtual assets and decentralized finance (DeFi). They have also decided to keep North Korea and Iran on the blacklist.
South Korea’s FIU Emphasizes Addressing Emerging Risks like DeFi at FATF Plenary The government attended the FATF plenary to raise the need for enhanced international cooperation regarding emerging risks, including virtual assets and DeFi.
Korea FIU Urges FATF to Expand Travel Rule for Virtual Assets The Korea Financial Intelligence Unit (FIU) called on the FATF to expand the "Travel Rule" to apply even to small-scale virtual asset transactions, citing concerns over AML risks.
Key Points to Watch
U.S. PCE Price Index Release — June 25: A key inflation indicator that will influence the Fed’s next interest rate decision.
Continued Concern Over Domestic Market Volatility: The risk of a historic high in the KOSPI 200 Volatility Index remains, fueled by the concentration in large-cap stocks like semiconductors and pressure from overseas interest rate hikes.
FATF Virtual Asset Regulation Timeline: Member countries are currently refining regulations to implement the Financial Action Task Force’s recommendations.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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