The market experienced a roller-coaster ride in South Korea, surging 80% in 10 weeks and then retracting 40% in 5 weeks.

July 29th. Recently, the South Korean stock market has experienced a "roller-coaster" trend. The South Korean KOSPI index has surged by about 80% over a 10-week period, followed by a 40% retracement in just 5 weeks, showing much greater volatility than major global stock indices.

Data shows that if the S&P 500 index were to fall by 40% in 5 weeks, it would wipe out all its gains of the past 5 years, highlighting the extreme volatility of the South Korean stock market in this round of trading.

At the time of writing, the South Korean KOSPI index is down 7.9%.