KOSPI Drops 7.3% as S&P 500 Gains 0.4% After Iran Strikes
Updated
Updated · Saxo Bank · Jul 13
KOSPI Drops 7.3% as S&P 500 Gains 0.4% After Iran Strikes
3 articles · Updated · Saxo Bank · Jul 13
Summary
KOSPI sank 7.3% to 6,931, the sharpest move across major markets, while the S&P 500 rose 0.4% to 7,575 and the Nasdaq 100 added 0.3%.
Europe was steadier after the Iran strikes: the Euro Stoxx 50 slipped 0.3%, the STOXX 600 was flat, and Hong Kong's Hang Seng edged down 0.1%.
Bitcoin fell 1.54% to about 62,763 and Ethereum lost 1.42% to roughly 1,780, even as spot crypto ETFs IBIT and ETHA rose 1.17% and 2.58%.
Volatility signals stayed relatively contained despite the geopolitical shock, with the VIX at 15.02, futures at 17.55, contango intact and the market regime still labeled low-volatility bull.