South Korea’s KOSPI index plunged 5.7% to around 8,600 points, wiping out roughly $240 billion in market value. Major technology stocks led the decline, with Samsung Electronics falling 5.9% and SK Hynix dropping 6.6%. The selloff was driven by profit-taking after a strong AI-fueled rally, elevated retail margin debt, and more than $1.3 billion in foreign investor outflows. A circuit breaker briefly halted KOSPI 200 futures trading, highlighting market volatility. Investors will now watch for stabilization in tech stocks and signs of renewed buying interest.
The post KOSPI Circuit Breaker Triggered as South Korea Stock Selloff Wipes Out $240 Billion appeared first on Coinpedia Fintech News South Korea’s KOSPI indexThe post KOSPI Circuit Breaker Triggered as South Korea Stock Selloff Wipes Out $240 Billion appeared first on Coinpedia Fintech News South Korea’s KOSPI index
KOSPI Circuit Breaker Triggered as South Korea Stock Selloff Wipes Out $240 Billion
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