Trading of KOSPI stocks suspended amid tech sell-off

The Korea Herald · Yonhap ·

South Korea's bourse operator on Friday activated a circuit breaker for the benchmark Korea Composite Stock Price Index on an extended sell-off in tech sha

South Korea's bourse operator on Friday activated a circuit breaker for the benchmark Korea Composite Stock Price Index on an extended sell-off in tech shares.

Trading of KOSPI-listed shares was halted for 20 minutes from 9:03, as the index plunged more than 8 percent from the previous session's close.

The benchmark index came under heavy selling pressure following a tech rout on Wall Street, triggered by concerns that Democrats' sweeping victory in the US midterms could slow down the pace of the build out of artificial intelligence data centers.

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