South Korea calls emergency market meeting

South Korea held an emergency meeting to discuss the stock market chaos after sharp declines in the market indices. The "Kospi" index dropped by nearly 40% from its peak in June, due to market volatility and disappointing earnings from the company "SK Hynix." Officials partially blamed the release of single-stock leverage products in May, which intensified tensions, with opposition lawmakers criticizing the government for ignoring the associated risks and deepening the crisis. Additional government measures were reviewed amid rising criticism from regulators and investors, as authorities prepare to impose stricter restrictions on leveraged exchange-traded funds in an effort to restore market stability.

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