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....
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...