KOSPI Plunges 10%, KOSDAQ 8%: Circuit Breakers Triggered Sequentially Across Both Markets

As the domestic stock market plummeted today (the 28th), centered around semiconductor stocks, sidecars and subsequently circuit breakers were triggered across both the KOSPI and KOSDAQ markets.

As of 12:10 PM today, the KOSPI dropped 10.62% to 6,038.27, sliding down to the early 6,000s.

At the same time, the KOSDAQ index fell 8.10% to 702.93.

Earlier in the KOSPI market, a program sell order temporary suspension (sell sidecar) was triggered at around 9:06 AM.

Following this, a sell sidecar for the KOSDAQ market was also triggered at 9:14 AM.

As the downward trend expanded despite the activation of sidecars, a circuit breaker for the KOSPI market was triggered after 10:00 AM, halting trading for 20 minutes.

Subsequently, around 12:00 PM, a KOSDAQ circuit breaker was also activated, temporarily suspending trading in that market for 20 minutes as well.

The current plunge in the KOSPI index appears to be driven by the sharp drops of domestic semiconductor "two tops," Samsung Electronics and SK Hynix.

Samsung Electronics (-12.20%) has fallen to 223,000 won, while SK Hynix (-13.00%) has dropped to 1,580,000 won.

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