South Korea’s KOSPI Drops 6.6%, Triggers Circuit Breaker Amid Asian Selloff
South Korea’s KOSPI fell about 6.6% in Seoul trading on June 10, triggering a circuit breaker that temporarily suspended algorithmic trading, while Samsung Electronics dropped 6.8% and chip shares resumed losses. The decline came amid a broader regional selloff, with losses also reported in Japan, China, Hong Kong and Taiwan.
The move reversed much of the benchmark’s 7.27% rebound in the previous session and followed an earlier more than 8% plunge that prompted a 20-minute halt, underscoring continued volatility in Seoul equities. Investors were also digesting Japan’s producer-price index, which rose 6.3% from a year earlier, above the 5.5% expected and the highest level in more than three years.
From the sources (25 posts)
@globalmktobserv🚨South Korea's AI-driven stock market bubble is showing its first serious CRACKS: The KOSPI plunged -5.5% on Friday, with Samsung Electronics falling -6.4% and SK Hynix collapsing -9.9%. TAP IMAGE TO SEE FULL INSIGHT👇
@globalmktobserv🚨South Korea's AI-driven stock market bubble is showing its first serious CRACKS: The KOSPI plunged -5.5% on Friday, with Samsung Electronics falling -6.4% and SK Hynix collapsing -9.9%. TAP IMAGE TO SEE FULL INSIGHT👇
@zerohedge*SK HYNIX, SAMSUNG PLUNGE MORE THAN 9% IN PRE-MARKET ON NEXTRADE
@firstsquawkSamsung Electronics Stock Tumbles 10%, Marking Sharp Market Decline
@zerohedgeKOREA'S KOSPI TUMBLES 8.8% AS SAMSUNG, SK HYNIX LEAD LOSSES
@firstsquawkSK Hynix Stock Tumbles 11%, Extending Losses in Tech Sector
@firstsquawkSeoul's KOSPI Index Drops 8% to 7,445.1 Amid Heavy Investor Selling
@zerohedge*KOSPI DROP HITS CIRCUIT BREAKER; TRADING HALTED FOR 20 MINS
@negligible_cap*KOREA'S KOSPI TUMBLES 8.8% AS SAMSUNG, SK HYNIX LEAD LOSSES Circuit breaker triggered, trading halted. Just another Monday in Korea
@thestalwart*KOREA'S KOSPI TUMBLES 8.8% AS SAMSUNG, SK HYNIX LEAD LOSSES *S.KOREA KOSPI PLUNGE TRIGGERS CIRCUIT BREAKER; TRADING HALTED
@kobeissiletterBREAKING: South Korea’s stock market has been halted after falling -8.4% at the open.
@gurgavinJUST IN : TRADING IN SOUTH KOREA HAS BEEN HALTED AS THE COUNTRIES STOCK MARKET IS NOW DOWN NEARLY 9% TODAY ABSOLUTE BLOODBATH IN THE KOREA AS SAMSUNG AND SK HYNIX LEAD THE DECLINE
@businessSouth Korean stocks dropped, led by steep losses in chipmaker shares on an intensifying rotation out of artificial intelligence beneficiaries
@bulltheoryioBREAKING: South Korea's KOSPI has been halted after crashing 8.4% at open.
@unusual_whalesBREAKING: South Korea’s stock market has triggered a trading halt after plunging more than 8% at the open.
@cointelegraph🇰🇷 NOW: South Korea's KOSPI triggered a circuit breaker after crashing more than 8% at Monday's open, halting trading for 20 minutes.
@zerohedgeKorea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
@zerohedgeTime to ban selling: *KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSPI PROGRAM SELLING
@dnystedtRT @KobeissiLetter: BREAKING: South Korea’s stock market has been halted after falling -8.4% at the open.
@polymarketJUST IN: South Korea’s stock market triggers circuit breaker after the KOSPI crashed more than 8%.
@oilheadlinenewsTRADING IN SOUTH KOREA HAS BEEN HALTED AS THE COUNTRIES STOCK MARKET IS NOW DOWN NEARLY 9% TODAY
@frank_liquidShockingly, headlines 30 minutes apart can be “Korea down 10%” and “Korea flat on the day”. That’s the power of Korea.
@barnes_lawRT @KobeissiLetter: BREAKING: South Korea’s stock market has been halted after falling -8.4% at the open.
@ftTech sell-off widens as South Korea plunges
@firstsquawkTech sell-off widens as South Korea plunges-FT