South Korea’s KOSPI falls more than 5%

A single-session drop of this size in Seoul's benchmark points to a risk-off move broad enough to cross asset classes, not an isolated sector story. For crypto and RWA markets, the relevance is correlation: Korean equities are a closely watched proxy for regional risk appetite, and moves this sharp tend to spill into how Asian traders price risk broadly. The open question is whether this proves a one-day event or the start of a sustained de-risking phase — the follow-through, not the headline number, is what carries signal.