Kospi slumps 5% after record-breaking 18% surge. What’s ahead for South Korea’s seesaw-like stock market?

South Korea’s Kospi plunged more than 5% on Monday after surging a record 18% in the previous session, as renewed selling in heavyweight chipmakers and leveraged ETF-related volatility rattled investors. While analysts expect near-term turbulence to persist, they believe easing foreign selling and corporate shareholder returns could support the market’s longer-term rerating.