South Korea’s KOSPI Triggers Circuit Breaker as Nikkei Enters Bear Market
Photo: TokenPost
Asian stocks tumbled in Friday trading, with South Korea’s KOSPI triggering a 20-minute halt after an 8% plunge and Japan’s Nikkei 225 entering bear-market territory as a U.S. chip-stock rout spread across the region. At 7:03 p.m. ET Thursday, Nov. 5 (9:03 a.m. Friday, Nov. 6, in Seoul), the KOSPI’s decline topped 8%, prompting a 20-minute halt in KOSPI-listed shares. The index stood at 4,923.47, down 8.55%, when trading stopped. After trading resumed, it pared its loss to 7.71% at 4,968. SK Hynix fell 11.71% during the halt and reached an intraday decline of 13.84%.
Source: TokenPost
