Photographer: SeongJoon Cho/Bloomberg

South Korea Halts Small-Cap Equity Trading After Index Sinks 8%

  • Kosdaq Index pares losses after trading halted for 20 minutes
  • Small-cap measure jumped last year on biotech earnings bets

Trading in South Korea’s Kosdaq exchange for smaller stocks was temporarily halted after the benchmark gauge plunged more than 8 percent on concern valuations were excessive relative to earnings prospects.

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