Posteo

BIG CRASH IN SOUTH KOREAN MARKET. Over ₩605,000,000,000,000 ($416 BILLION) was wiped out from South Korean stocks today as the KOSPI crashed -8.29%. Samsung Electronics and SK Hynix, which together make up roughly 45% of the index, fell -10.18% and -7.68%, respectively. A circuit breaker was triggered just 4 minutes after market open as the KOSPI crashed over -7% within minutes of trading. KOSPI is down -16% in just ONE week from its all-time high, wiping out $800 BILLION in market value.