KOSPI Plummets 4.9% to 7,600 Level; KOSDAQ Hits Annual Low

The KOSPI closed at the 7,600 level after a sharp decline of nearly 5% following extreme volatility during the trading session.

Today, the KOSPI ended the session at 7,656.31, down 395.02 points (4.91%) from yesterday.

The index opened at 7,919.20, down 132.13 points (1.64%) from the previous trading day, and continued its downward trend before the decline accelerated in the afternoon session.

At one point during the day, the index fell by 8.22% to 7,389.22, momentarily dropping below the 7,400 mark.

It later recovered some of its losses to eventually close at the 7,600 level.

Amid the market plunge, a sidecar—a temporary suspension of program sell orders—was triggered in the KOSPI market at 10:23 a.m.

A sell-sidecar in the KOSPI market is activated when the KOSPI 200 futures index falls by more than 5% and sustains that level for one minute.

Subsequently, at 1:51 p.m., a circuit breaker was also triggered, halting trading on the KOSPI market for 20 minutes.

This occurred because the KOSPI had fallen by more than 8% compared to the previous day's closing index for one minute.

Today, the KOSDAQ index closed at 831.23, down 15.84 points (1.87%) from yesterday.

The index opened at 843.74, down 3.33 points (0.39%), and briefly turned to a rise early in the session, but it soon shifted back to a downward trend, falling to as low as 812.70 at one point.

With this, the KOSDAQ index has hit its lowest closing and intraday levels of the year.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.