South Korean Stocks Drop 7.56% as Regulator Calls Emergency Meeting
Photo: TokenPost
South Korea’s benchmark KOSPI plunged 7.56% on Thursday, Oct. 15, prompting the country’s financial regulator to convene an emergency meeting as Asian equity losses put regional risk appetite in focus for crypto traders. The KOSPI fell 454.54 points to 5,554.27 at the close after dropping more than 9% intraday. The move triggered South Korea’s circuit breaker for the 10th time this year. The regulator held its emergency meeting in the afternoon, and losses narrowed later in the session. The index still ended sharply lower. Japan’s Nikkei 225 closed down 3,318.34 points, or 4.90%, at 64,425.95.
Source: TokenPost
