Get a quick daily summary of KOSPI index movements, key gainers and losers, and the major economic issues driving the market.
The KOSPI index closed at 6,806.93 today, marking an 8.95% drop and falling below the 7,000 mark for the first time in two months. It was a "Black Monday" characterized by massive sell-offs by foreign and institutional investors and the year's 7th circuit breaker activation.
The KOSPI closed at 8,394.65 on Monday, June 29, 2026, down 16.56 points (0.2%). While foreign selling of 4 trillion won pressured the index, the KOSDAQ saw a buying sidecar triggered by a rally in battery and biotech stocks.
The KOSPI index jumped over 5%, reclaiming the 8,500 level, fueled by optimism over US-Iran ceasefire negotiations. Foreign and institutional investors both turned to buying, signaling a clear easing of geopolitical tensions in the Middle East.
The KOSPI has entered a severe correction phase, dropping over 5% due to massive selling by foreign and institutional investors, a sharp decline in semiconductor and IT stocks, and a spike in the KRW/USD exchange rate. Market volatility is at historic highs, fueling investor anxiety.
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