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The Day of the Four Witches and the Oil Monster (March 12, 2026)

There is a peculiar rhythm to the capital markets, a cadence that often shifts from a triumphal march to a sudden, contemplative silence. For the past several weeks, the South Korean market enjoyed what many called a “victory lap”—a robust 12% rally that seemed to defy the gravity of global tensions. Yet, today, the carpet was unceremoniously pulled out. The KOSPI closed at 5,609.95, a 1.84% decline that feels more like a “mental break” than a mere statistic.