ocaml, 235 bytes

Result

AC

Duration

2860ms

Code [DL]

let p=print_endline open String open List let rec r x=try r(read_line()::x)with _->x let _=r[]|>rev|>fold_left(fun l s->if l=0 then(p s;index s 'T')else(p(try(let i=index s 'K'in make i ' '^"K"^make(l-i)'*')with _->make l ' '^"*");l))0

stdin

                                         T        
                                                  
                                                  
        K                                         

stdout

                                         T        
                                         *
                                         *
        K*********************************

stderr

strace