South Korea's KOSPI Triggers Circuit Breakers With 7.25% Drop; Contagion Fears for Nasdaq
By
Eric Bleeker
27d ago· 3 min readenNews
Summary
South Korea's KOSPI index triggered circuit breakers and dropped roughly 7.25% in early Monday trading, marking a sharp reversal for what had been the world's best-performing major market this year. The index, still up about 75% year-to-date but down 15% since last Tuesday, is heavily weighted by memory-chip giants Samsung and SK Hynix. The article raises the question of whether this selloff will spread to the Nasdaq when U.S. markets open.
Source
bskySouth Korea's KOSPI Triggers Circuit Breakers With 7.25% Drop; Contagion Fears for Nasdaq247wallst.comKey quotes
· 3 pulledSouth Korea's KOSPI tripped circuit breakers in early Monday local trading and is down roughly 7.25% as of 10:45 p.m. ET
The KOSPI is still up roughly 75% year-to-date but has shed about 15% since last Tuesday
The question now: does the contagion hit the Nasdaq when New York opens?
South Korea’s KOSPI tripped circuit breakers in early Monday local trading and is down roughly 7.25% as of 10:45 p.m. ET, an abrupt break in what had been the top-performing major market in the world this year. The question now: does the contagion hit the
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