KOSPI’s 8% Drop Triggers Circuit Breaker as Tech Selloff Hits Asia

BeInCrypto Editorial

(02:20 AM UTC)

1 min read

South Korea’s Korea Composite Stock Price Index (KOSPI) index crashed by more than 8% on Monday. This prompted the stock market to halt trading for 20 minutes after a US-led semiconductor selloff battered Asian markets.

The benchmark sank 8.4% to 7,477 after opening, tripping a circuit breaker. The Korea Securities Dealers Automated Quotations (KOSDAQ) also dipped more than 7%.

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COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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