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South Korea shares tumble over 6% as chip selloff triggers trading curb
SEOUL: South Korea’s benchmark KOSPI index plunged over 6% on Tuesday, triggering a temporary trading curb, after US memory-chip maker Micron Technology fell overnight on reports of rapid tech advances by Chinese rival ChangXin Memory Technologies (CXMT). The Korea Exchange halted programme sell orders for five minutes at 9:47 a.m. local time after the KOSPI 200 futures index fell 5.08%, or 51.20 points, to 955.02. The KOSPI index was down 382.18 points, or 5.93%, at 6,002.06 as of 0213 GMT. A fifth straight day of losses would mark the index’s longest losing streak since September 2024. Inves...
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