South Korea’s KOSPI Index Crash Triggers Circuit Breaker After Plunging Over 8%

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The post South Korea’s KOSPI Index Crash Triggers Circuit Breaker After Plunging Over 8% appeared first on Coinpedia Fintech News

South Korea’s KOSPI index dropped more than 8%, triggering circuit breakers that halted trading for 20 minutes and temporarily suspended program selling on the Korea Exchange. More than ₩366 trillion ($246 billion) in market value was erased, while Samsung Electronics and SK Hynix each fell about 9%. Foreign investors sold 2.5 trillion won ($1.6 billion) …