Huo Xing Finance reports: On the morning of August 6, South Korea’s Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, stated that under external risk shocks, only the stock market suffered a severe decline—a rare occurrence unlike previous patterns—but the government and central bank possess sufficient policy tools to address market volatility caused by external shocks. However, the market did not respond positively to Choi’s stabilization remarks. According to market data, at today’s close, South Korea’s KOSPI index fell 302.82 points, or 4.59%. Major stocks SK Hynix dropped 10.3% and Samsung Electronics fell 6.3%. After last Friday’s dramatic rebound, the South Korean stock market appears to have re-entered a new phase of gradual decline and deleveraging.
South Korean Stock Market Plummets Despite Vice Prime Minister's Reassurance
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Summary
Liquidity and crypto markets remain under pressure as South Korea’s KOSPI index declined 4.59% on August 6, 2026. Vice Prime Minister Choi Sang-mo expressed confidence in managing external risks, but major stocks such as SK Hynix and Samsung Electronics fell 10.3% and 6.3%, respectively. Globally tightened CFT (Countering the Financing of Terrorism) measures also continue to weigh on investor sentiment.
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