Why KOSPI 200 (KR200) fell 11.54%
KOSPI 200 (KR200) fell 11.54% on July 28, 2026 — Political conviction threat roils Korean markets.
What happened
KOSPI 200 plunged 11.5%, hitting a three-month low, as the Korea Tech theme crashed (median peer down 13.5%) and overlaid with a new political shock: President Yoon's election-law conviction threatens the ruling PPP's…
Why it moved
The tech selloff alone (China roadblocks, HBM cycle caution, AI skepticism) is the group driver, but Yoon's conviction layer adds policy uncertainty and potential funding loss, forcing a sharp repricing of Korean…
Why it matters
Korea Tech supercycle (Samsung, SK Hynix, HBM/AI memory) is breaking under China competition and macro pressure — but the broader Korea equity repricing now also factors political turmoil and ruling-party stability risk.
What would break the thesis
PPP's response (leadership change, funding replacement, appeal outcome) will reset political risk; if the party quickly stabilizes or election authorities block the funding forfeiture, the policy overhang fades and may…
Sources
- PPP at risk of losing W40b won after Yoon's election law conviction — Korea Herald
- Kospi plunges 11%, hits a 3-month low — Korea Herald
- Seoul shares crash over 10% on heavy tech selloff amid AI skepticism — Korea Herald