South Korea KOSPI Halts Trade After 5% Drop
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- KOSPI briefly halted trading after plunging about 5%, with the decline concentrated in chipmakers SK Hynix and Samsung.
- Asian markets extended losses across the region on lingering bond jitters, with AP reporting the Kospi specifically down 5.2% and oil prices also rising in the same session.
Why it matters: A KOSPI circuit breaker triggered by a ~5% drop shows acute, concentrated selling pressure in South Korea's chip-heavy benchmark, two names (SK Hynix and Samsung) are dictating the index, and the move rippled across Asia while oil jumped in parallel.
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