South Korea’s stock market is under heavy pressure, with the KOSPI plunging 6% and triggering a circuit breaker as every sector turns red.
Samsung fell 7%, SK Hynix dropped 8.6%, while SK Group plunged 11% as the US chip selloff spread across Asian markets.
The KOSPI opened down 5% at 6,528, before losses accelerated and forced the exchange to halt program trading.
#SouthKorea #KOSPI #Samsung #SKHynix #StockMarket
Samsung fell 7%, SK Hynix dropped 8.6%, while SK Group plunged 11% as the US chip selloff spread across Asian markets.
The KOSPI opened down 5% at 6,528, before losses accelerated and forced the exchange to halt program trading.
#SouthKorea #KOSPI #Samsung #SKHynix #StockMarket