Archive · Business Recorder
South Korea's KOSPI triggers circuit breaker in tech-led selloff
SEOUL: South Korea’s benchmark stock index KOSPI fell 8% on Thursday, triggering a circuit breaker for the first time in 2-1/2 months, as chipmakers tracked a technology-led Wall Street selloff after sticky US inflation data raised bets of further rate hikes. The KOSPI was down 480.76 points at 5,528.05, as of 0338 GMT, hitting its lowest since July 29, when trading was last halted for 20 minutes under the market’s circuit-breaker mechanism. The halt marked the 10th activation of a circuit breaker on the KOSPI this year and the 16th in its history. Volatility had been stabilising since authori...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →