KOSPI Plunges 5.72% in a Day, Triggers Sell-Side Circuit Breaker
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South Korea's KOSPI sank 5.72% in a day and triggered a sell-side circuit breaker. What a record 45 triggers this year reveal about the chip rally's future.
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South Korea's KOSPI sank 5.72% in a day and triggered a sell-side circuit breaker. What a record 45 triggers this year reveal about the chip rally's future.
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KOSPI spiked 5% to 7,166 intraday but closed at 6,797.70, up just 0.74% — JPMorgan puts the margin unwind at 75% done. Plus why a 10m won fine could unseat Seoul's mayor, and why a 10-month diplomat data breach was disclosed 5 months late.
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KOSPI bounced back 3.56% to 6,747.95 one day after its 4.46% crash. The three forces behind the rebound, a 30-day special counsel extension that ended a 50-day parliamentary standoff, and 120mm more rain on saturated ground — with context the headlines skip.