Who was right to predict that Kospi would drop by 4%?

Kospi slumped on Monday after some tech giants like Google, Amazon and Facebook announced disappointing earnings. Oil prices held steady, with Brent crude trading near $79 a barrel.

• Option 1: The bulls: Apple, Samsung were expecting lower sales but still beat estimates
• Option 2: The bears: Kospi fell 4% and was down 2.7% last year