The South Korean composite index fell by 2.9%, marking the largest decline in three months.

The benchmark stock index in South Korea, the Korea Composite Stock Price Index (KOSPI), dropped by 2.9% to close at 4,004.42 points, marking the largest single-day decline in three months. The trading session started off volatile, with futures prices quickly dropping by over 5%, prompting the Korea Exchange to briefly halt trading on the KOSPI and the tech-heavy KOSDAQ market to reduce volatility. This sharp drop has put the brakes on the hot local stock market, but the KOSPI has still risen by 67% so far this year. In a report, KB Securities analyst Inwhan Ha stated, "In a bull market, short-term adjustments are inevitable." Technology stocks were among the biggest decliners, with heavyweight stock Samsung Electronics falling by 4.1%.