Trading of KOSPI stocks suspended amid tech sell-off
Korea's bourse operator on Friday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) on an extended sell-off in tech shares. Trading of KOSPI-listed shares was halted for 20 minutes from 9:03, as the index plunged more than 8 percent from the previous session's close. The benchmark index came under heavy selling pressure following a tech rout on Wall Street,…
The Korea's bourse operator activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) on Friday. Trading of KOSPI-listed shares was halted for 20 minutes starting at 9:03 after the index plunged more than 8 percent from the previous session's close.
According to The Korea Times, the index faced heavy selling pressure following a tech rout on Wall Street. This downturn was triggered by concerns that a sweeping victory for Democrats in the U.S. midterms could slow the pace of artificial intelligence (AI) data center construction. This event marks the tenth time the KRX has activated a circuit breaker this year.
Brief written by urgent.news from The Korea Times, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Trading of KOSPI stocks suspended amid tech sell-off koreatimes.co.kr
- Trading of KOSPI stocks suspended amid tech sell-off en.yna.co.kr
