South Korea’s KOSPI closed nearly 9% lower, triggering its seventh circuit breaker of the year, and leaving the benchmark down 27% from its June highs.
According to NS3.AI, Goldman Sachs said the sell-off reflected a liquidity-driven “position washout.”
Goldman Sachs added that forced liquidations of leveraged exchange-traded funds accounted for 62% of the day’s net selling by local institutions.
STOCKS | KOSPI Falls Nearly 9% and Triggers Seventh Circuit Breaker This Year
2026-07-14 06:57:31
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