Bargain Hunting Anticipated For South Korea Shares

South Korea’s stock market may find footing on Tuesday after a brutal Monday that saw the KOSPI slide 676.18 points, an 8.29% drop to 7,484.41, with volume at 448.3 million shares and 873 decliners versus 42 advancers. Large declines hit Shinhan Financial (-9.67%), KB Financial (-11.71%), Hana Financial (-9.06%), Samsung Electronics (-10.18%), and Hyundai Mobis (-12.20%), while Naver rose 9.20%. Global markets’ rebound context and bargain-hunting tone underpin a cautious near-term outlook, while Wall Street’s mixed finish—Dow at 50,786.01, Nasdaq 25,929.66, S&P 500 7,405.73—adds to rate-hike debates in the U.S. Investors also await next-week Q2 GDP data for South Korea, projected to be 1.7% quarter-on-quarter and 3.6% year-on-year after a prior contraction. Oil remained firm, with WTI at about $91.06 per barrel.