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via BeInCrypto · By BeInCrypto Editorial
KOSPI’s 8% Drop Triggers Circuit Breaker as Tech Selloff Hits Asia
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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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