South Korea's KOSPI Plunges Over 8%, Triggers Circuit Breaker
South Korea's KOSPI stock index plunged more than 8%, triggering a circuit breaker, amid a new tech rout. The sharp fall reflects significant market volatility.
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Kospi triggers circuit breaker after plunging more than 8%
South Korean stocks triggered a marketwide circuit breaker on Friday after the Kospi plunged more than 8 percent in intraday trading, capping a volatile week marked by sharp swings in chip-heavy shares. The Korea Exchange suspended trading on the Kospi market for 20 minutes from 12:10 p.m. after the benchmark index remained more than 8 percent below the previous session's close for one minute, meeting the conditions for a circuit breaker. Trading in all Kospi-listed shares, as well as stock inde
By The Korea Herald
Read full article →South Korea's KOSPI plunges more than 8% in new tech rout
Asian tech stocks also sank on Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.
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