The Straits Times·3 min read·medium

Crushed by Kospi rout, angry South Koreans rip government and vow not to buy

Crushed by Kospi rout, angry South Koreans rip government and vow not to buy
AI Summary

South Korean retail traders, known for risk-taking, were severely impacted by a 22% drop in the Kospi index in July, leading to record circuit-breaker suspensions and widespread frustration. Many blame the government's stock-market reforms and the introduction of leveraged ETFs for amplifying volatility and their losses.

Trading in Kospi stocks was halted four times during the month, a record run for circuit-breaker suspensions.

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