South Korea's KOSPI plunges over 8%, triggering circuit breaker and trading halt
By
FP Business Desk
27d ago· 4 min readenNews
Summary
South Korea's KOSPI index plunged over 8% in early trading on Monday, triggering a circuit breaker and a 20-minute trading halt on the Korea Exchange. The selloff was driven by a global technology-led market downturn, with semiconductor shares experiencing panic selling. Investors reacted to steep losses on Wall Street, rising US interest rate fears, and geopolitical tensions that have rattled Asian markets.
Source
bskySouth Korea's KOSPI plunges over 8%, triggering circuit breaker and trading haltfirstpost.comKey quotes
· 3 pulledSouth Korea's stock market was forced to halt trading on Monday after the benchmark Korea Composite Stock Price Index (KOSPI) plunged more than 8 per cent in early trade
The Korea Exchange activated a circuit breaker shortly after the market opened, suspending trading in KOSPI-listed stocks for 20 minutes after the benchmark index breached the exchange's threshold for extreme volatility
The sharp decline came as investors reacted to steep losses on Wall Street at the end of last
South Korea’s benchmark KOSPI plunged more than 8 per cent on Monday, triggering a circuit breaker and temporary trading halt as a global technology selloff, rising US rate fears and geopolitical tensions rattled investors
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