Framing Analysis
The KOSPI index closed at 8,203.84 after dropping 910.71 points, or 9.99 percent, on June 23, with the KRX circuit breaker activating at 2:33 p.m. [Yonhap News]. Foreign and institutional investors recorded net sales of 4.13 trillion won and 4.55 trillion won respectively, while retail investors bought a net 8.58 trillion won [Yonhap News]. Mediators reported progress in U.S.-Iran talks the same day, with U.S. Vice President JD Vance stating a foundation for negotiations had been established [Yonhap News].