BlockBeats News, July 13th. According to Korean media, the Korea Composite Stock Price Index (KOSPI) temporarily fell below the key 7,000-point mark during intraday trading, triggering the seventh circuit breaker of the year. Due to renewed geopolitical tensions between the US and Iran, foreign investors and institutional investors heavily sold off stocks, leading to a sharp decline in the index. This is the first time in nearly two months, since May 4th, that the KOSPI has dropped below 7,000 points during trading.

Data indicates that foreign investors and institutional investors led the selling, with foreign investors net selling 2.23 trillion Korean won, institutional investors net selling approximately 570 billion Korean won, and individual investors net buying nearly 2.7 trillion Korean won. Among institutional investors, the National Pension Fund net bought around 220 billion Korean won. Recently, the Korean stock market has experienced severe volatility, with sharp swings between surges and plunges.

In today's morning session, the selling side triggered the 18th "Pause of Program Trading Mechanism" (Sidecar Mechanism) of the year, and even initiated a circuit breaker in the afternoon. So far this year, the Korean stock market has seen a total of 17 buyer-triggered "sidecar" events and 18 seller-triggered "sidecar" events, totaling 35 events.