KOSPI plunges 8%: why Goldman Sachs still sees 12,000

South Korea's KOSPI plunged as much as 8.4% in early trade, triggering a Level 1 circuit breaker just minutes after the open. The move reflects a global chip selloff and a sharp risk-off repricing in one of the world's most tech-heavy equity markets. The article points to elevated volatility and stressed positioning, with broad market implications rather than a single-stock event.

Analysis

South Korea's KOSPI plunged as much as 8.4% in early trade, triggering a Level 1 circuit breaker just minutes after the open. The move reflects a global chip selloff and a sharp risk-off repricing in one of the world's most tech-heavy equity markets. The article points to elevated volatility and stressed positioning, with broad market implications rather than a single-stock event.