Bourse operator issues circuit breaker for KOSPI on sharp fall
By Yonhap
The KOSPI index is displayed in the dealing room of Hana Bank in Seoul, Tuesday. Newsis
Korea's bourse operator on Tuesday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) after stocks tumbled on heavy losses in technology heavyweights.
Trading of KOSPI-listed shares was halted for 20 minutes.
The Korea Exchange (KRX) triggered the measure at around 1:51 p.m. after the KOSPI plunged more than 8 percent from the previous session's close.
The benchmark index came under heavy selling pressure as investors moved to locked in profits and offloaded large-cap technology stocks.
It marked the sixth time this year that the KRX has activated a circuit breaker.