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📉Black Monday, the Korean stock market hit the circuit breaker with a plunge, either a trading halt on gains or a halt on losses, truly a lifetime of love for investing Korean retail investors who fluctuate in the stock market.
To be fair, the big A shares are still quite stable 😁
Korean 🇰🇷 stock market plummeted sharply in the early trading session, triggering a 20-minute temporary halt. "South Korea's double-long Hynix position shrank by over 18.5 billion."
The Korea Composite Stock Price Index (KOSPI) fell as much as 8.8%, with semiconductor giants Samsung Electronics and SK Hynix both dropping over 10%.
In just the past week alone, foreign investors sold a net total of $10 billion worth of Korean stocks, with the Korean won under obvious pressure, and the USD/KRW exchange rate falling to its lowest since March 2009.