The South Korean stock market evaporated about ₩579 trillion today, with the KOSPI plunging nearly 8%.

BlockBeats News, July 2nd. The South Korean stock market experienced a sharp pullback today. The South Korean KOSPI index closed at 7,648.09 points, a daily decline of 655.32 points, down 7.89%. According to Naver Finance's KOSPI market cap page for the day, the total market value was approximately 6758.9 trillion Korean won. Calculated based on the index's decline, the KOSPI market's single-day market cap evaporation is approximately 578.96 trillion Korean won, equivalent to about $371.6 billion.

On the individual stock side, semiconductor heavyweights led the decline, with Samsung Electronics, SK Hynix, and others experiencing significant drops, dragging down the overall South Korean stock market.