"When you nudge households into the market, and then they take losses of this size in 48 hours, the political pressure to do something becomes intense."

South Korean equities suffered their steepest one-day decline in nearly five months on Tuesday, with the benchmark KOSPI sliding almost 11% as a global rout in semiconductor…

The Kospi index slid as much as 8.2 per cent, taking its two-day decline to more than 18 per cent. Read more at straitstimes.com. Read more at straitstimes.com.