KOSPI Falls 24.7% from Record High to Lowest Level of Year, Up to 89% of Components Down 30%

According to Korea Exchange, South Korea's KOSPI index fell 24.7% from its peak of 9385 to 7063 today (July 12), marking its sharpest decline outside periods of global financial crises or major policy shifts. The correction severity is underscored by data showing 89% of KOSPI 200 component stocks have declined more than 30% from their 2026 highs. Analysts point to the U.S. June CPI report due July 14 as a key catalyst; if CPI meets or undershoots market expectations of 3.8% year-over-year, semiconductors and defense sectors are expected to lead a potential rebound, while stronger-than-expected inflation could bolster defense stocks as defensive plays.
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