KOSPI Plunges 5.35% Overnight to 7,246.79 Amid Panic Selling

According to Korea Exchange, the KOSPI index plunged 409.52 points (5.35%) to close at 7,246.79 on July 8, amid widespread panic selling in the market. Despite the sharp decline, securities analysts said the selloff reflects temporary liquidity shock rather than fundamental deterioration, presenting a potential buying opportunity at lower levels.
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