Kospi’s blistering rally fuels bubble concerns as volatility spikes

South Korea’s stock market is showing signs of overheating after a yearlong rally, with concerns rising over elevated volatility and stretched valuations. The benchmark Kospi closed at 5,781.2 on Friday, up 152 percent from its 52-week low of 2,293.7 on April 9, 2025, and 119 percent higher than 2,637.1 a year earlier. Before the US-Israel joint strikes on Iran, the local stock market had been on a strong upward trajectory. On Feb. 27, a day before the attacks, the index climbed as high as 6,347

By The Korea Herald