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South Korea’s KOSPI Index Crashes Over 8%, Triggering a Trading Halt
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
South Korea’s benchmark KOSPI index dropped more than 8% at the open, triggering a circuit breaker and temporarily halting trading for 20 minutes. The selloff erased an estimated ₩400 trillion in market value, marking the index’s sharpest one-day decline since March. Semiconductor heavyweights Samsung and SK Hynix led losses as investors reduced exposure to technology and AI-related stocks following a weak session for the Nasdaq on Friday. The decline highlights growing pressure on AI-linked equities globally as markets reassess valuations and risk appetite amid broader market volatility.
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