KOSPI Index forms a risky pattern, pointing to a drop as rally stalls

The KOSPI Index has pulled back in the past few days as the recent bull run stalled at its all-time high. It was trading at KRW 4,027, a few points below the year-to-date high of KRW 4,212.Why the KOSPI Composite Index is falling KOSPI, the index tracking the biggest companies in South Korea, has come under pressure in the past few days. One reason for this is that many foreign and local funds have started to sell South Korean stocks as they book profits following the recent...