Market Meltdown: Why South Korea’s KOSPI Just Crashed 12%

The benchmark market index in South Korea, KOSPI, saw a massive decline during the last trading session, dropping by more than 12%. Undoubtedly, this last drop represents a significant escalation from earlier market movements and highlights the increasing volatility in local equity markets amid the war in Iran. Worst Stock Market Crash Since 2008 As of this writing on Wednesday, KOSPI is down by more than 12%. On the…