South Korea Stocks Resume Plunge After Circuit-Breaker Halt
- Kospi, Kosdaq were suspended for 20 minutes after falling 8%
- It’s the second circuit breaker for Korea stocks in a week
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South Korea stocks resumed their declines after key gauges fell more than 8%, triggering circuit breakers for the second time in a week.
The Kospi dropped 8.6% to its lowest level since 2009, and the tech-heavy Kosdaq lost 9.1% to its lowest since 2011 after the suspension was lifted at 12:25 p.m. in Seoul. Trading can be suspended again if the indexes drop more than 15%, and the market will shut down for the day if they fall 20%, the nation’s exchange said.