{"id":434842,"date":"2026-07-28T07:26:26","date_gmt":"2026-07-28T00:26:26","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-koreas-kospi-falls-5-whats-next-434842\/"},"modified":"2026-07-28T07:26:26","modified_gmt":"2026-07-28T00:26:26","slug":"south-koreas-kospi-falls-5-whats-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-koreas-kospi-falls-5-whats-next-434842\/","title":{"rendered":"South Korea&#8217;s KOSPI falls 5%. What&#8217;s next"},"content":{"rendered":"<div>\n<p>South Korea&#8217;s main KOSPI stock index just opened 5% lower. Perhaps more importantly, it also just broke the July lows as the bubble bursts in incredibly quick fashion. It&#8217;s now down 30% from the June 18 high of 9106.<\/p>\n<p>It&#8217;s been a brutal drawdown over six weeks following an incredible rally from 2300 to 9106 &#8212; nearly quadrupling since April 2025. That&#8217;s insane volatility in a market that&#8217;s notorious for leveraged trading. It was once once of the cheapest markets in the world and remains surprisingly inexpensive on a relative basis. For now though, it&#8217;s all about momentum and when you combine a downtrend with leverage, it can quickly become an avalanche.\u00a0<\/p>\n<p>Technically, I&#8217;m watching 5840, which is the 50% retracement of the rally since April 2025 but you could also argue the February interim peak of 6400 didn&#8217;t hold and now 5050 (call it 5000) is much more likely and that also corresponds with 61.8%. The old addage applies: Don&#8217;t try to catch a falling knife.<\/p>\n<p>The market is falling out of love with chipmakers at the moment and that&#8217;s been a big driver of the bull market in South Korea.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s main KOSPI stock index just opened 5% lower. Perhaps more importantly, it also just broke the July lows as the bubble bursts in incredibly quick fashion. It&#8217;s now down 30%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434842","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434842"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}