Bitcoin surges past $71,000 during a record South Korean stock market crash of 18% this week

The South Korean stock market (KOSPI) closed near 5,094 after falling 12.06% in a single session today. The index had already fallen 7.24% the prior session, taking the two-day slide to roughly 18.4% on a compounded basis. South Korean equities did not fall alone, but the magnitude set Korea apart in a global risk-off window. However, Bitcoin moved higher during Asian hours to just below $72,000 for the first time si…