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South Korea market volatility nears record high after $13 billion foreign investor selloff
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- The Kospi fell as much as 4% in early trade, extending Friday's 6% tumble that Goldman Sachs described as having "erased weekly gains amid Trump-Xi Summit and strong foreign outflows."
- The Kospi Volatility Index surged 2.56% on Monday to near peaks seen in early March.
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South Korea's stock market volatility surged to near record highs on Monday after foreign investors dumped $13.2 billion worth of local equities last week, triggering sharp swings in the Kospi and a brief trading curb on the exchange.
The Kospi fell as much as 4% in early trade, extending Friday's 6% tumble that Goldman Sachs described as having "erased weekly gains amid Trump-Xi Summit and strong foreign outflows."
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