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On Oct. 26, the KOSPI fell 1.46% to close at 5,469.47, its lowest since April 6, according to Yonhap and KBS World. The drop was driven by global macro uncertainty, Middle East tensions lifting oil prices, and heavy foreign selling, with investors cautious ahead of chip earnings and the Fed decision, as Business Korea and Korea Times report. Goldman Sachs cut its 12-month KOSPI target from 12,000 to 9,000, citing concerns over AI infrastructure returns, though it still sees over 60% upside. Korean media frame this as a sharp decline, with Yonhap noting the index slipped into the 5,400 range, a seven-month low.