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2025-08-01 15:32:23
South Korea's KOSPI Index Plummets 3.9%, Its Biggest Drop in Four Months. (1) South Korea's KOSPI Index closed down 3.9% at 3119.41 points on August 1, its biggest single-day drop since April 7. Institutional and foreign selling led to a 3.5% drop for Samsung Electronics, a 5.7% plunge for SK Hynix, and a 16% plunge for defense stocks like Poongsan. (2) Analysts noted that the left-wing government's proposed increase in the stock transaction tax from 0.15% to 0.2% has severely dampened market sentiment.
