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KOSPI plunges 7.57% to 5,554.22 as circuit breakers trip on chip-led selloff
South Korea's KOSPI closed at 5554.22 on Oct. 15, down 454.59 points or 7.57%, its seventh straight losing session, after circuit breakers were triggered on both the KOSPI and KOSDAQ. Samsung Electronics fell 9.48% and SK hynix 11.06%, and foreign investors sold a net 3.6243 trillion won on the main board.
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| Summary | Save A A A The real-time Kospi index is displayed in the dealing room of Hana Bank in Seoul's Jung-gu district on Oct. 15. The Kospi and Kosdaq opened sharply lower and fell more than 8% in the afternoon, triggering circuit breakers on both markets. Photo by Kim Jung-hoon Doubts over the profitability of global artificial intelligence infrastructure and a high interest rate shock from the United States hit South Korea's stock market at the same time, sending the KOSPI to a close near the 5500 line after the first circuit breaker since July. The index sank to its lowest cl…
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