Kospi's 8% Plunge Triggers Circuit Breaker, Hits Near Three-Month Low

3-line summary

• South Korea's Kospi closed down 8.2% at 5,514.96, its lowest level since late July (about three months), per Investing.com — down 16.9% for the week and 24.4% over three months, and more than 40% below its 52-week high of 9,385.59. The index triggered a sell-side circuit breaker (activated when the index stays at least 8% below the prior close for one minute), halting trading for 20 minutes; it was the 10th circuit breaker this year and 16th ever, the previous one having been on July 29.
• Semiconductor stocks led the decline, with Samsung Electronics down 9.7% and SK Hynix down 11.1%; competitive threats from China's CXMT were cited as a contributing factor.

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