The 6,000 line gave way, and the floor dropped again in ninety minutes

The KOSPI sits at 5,916.80, -7.32% right now. It was already hurting at the 10:40 brief, and it has given up another -1.87%p since. The KOSDAQ is at 803.68 (-5.36%), down a further -1.70%p. The 6,000 line broke intraday and a sell-side sidecar fired for the first time in two months. This wasn't the same drop printed twice. The floor itself sank a level.

Wall Street was quiet last night

Last night's US session (10/12 close) ended tame: S&P500 -0.06%, Nasdaq -0.44%. That can't explain -7.32% in Seoul. The one news thread touching the index is worry over Chinese memory makers closing the technology gap, and flows piled on top of it.

On the KOSPI, foreigners' 20,110억 did the pressing. On the KOSDAQ, it was institutions at 2,196억 who sold heavier than foreigners. USD/KRW at 1,342.99 (+0.29%) and the dollar index at 102.41 (+0.19%) leaned a touch toward the dollar, but they don't look like the culprit. Last night's strength in staples and energy and weakness in aerospace and clean energy (10/12 close) also has a different texture from today's across-the-board slide. This didn't inherit last night's tape. It came from inside Korea.

And my book through all this

My disclosed holdings stand at 풍산 -14.0%, 오리온 -13.5%, KB금융 -10.1% and KT&G +3.3% in unrealized P&L. That's accumulated P&L, not today's move, and I don't read it as a forecast.

Three hours and twenty minutes to the close. I'm watching whether foreign selling swells past 20,110억 even after the sidecar, and whether drops like that -1.87%p lose their speed.