KOSPI Slides 6.1% After Briefly Topping 8,000, Closes at 7,493

The KOSPI briefly moved above the 8,000 line in early trading on May 15, touching what was described as the “dream 8,000” level, but then changed direction sharply and ended in the 7,400 range. The index closed at 7,493, down 488.23 points, or 6.12%, from the previous session. The sharp fall after the symbolic intraday break above 8,000 highlighted significant market volatility. After giving back its earlier gains, the index finished below 7,500, adding to investor caution. The session’s abrupt reversal may weigh on short-term index sentiment and market psychology. Source: mk.co.kr