KOSPI 8% plunge triggers a selling-sidecar halt
2026-07-08 session, KOSPI plunged 8%, triggering a circuit breaker, while KOSDAQ fell by 3% during the session, slipping below the 800 line. Foreign selling pressured the market, while some large-cap stocks rebounded late in the session.
2026-07-08 session, KOSPI plunged 8%, triggering a circuit breaker. At the same time, selling-sidecar halts were triggered for both KOSPI and KOSDAQ.
KOSDAQ posted an intraday plunge of 3%. Subsequently, the KOSDAQ index fell below the 800 line, dropping below the 10 line for the first time in 800 months.
Foreign selling continued during trading. Net foreign selling translated into downward pressure on the index, increasing market volatility.
Some stocks narrowed their losses toward the close. The KOSPI index, after declining during the session, 7,700recovered the line.
SK Hynix, after weakening during the session, 4showed strength in the % range before the close. However, the market overall remained dominated by selling.
Shinhan Securities forecast that the KOSPI could move within a range for the time being. The brokerage's assessment takes investor sentiment and changes in supply and demand into consideration.
Under market operating regulations, sidecars and circuit breakers were applied sequentially, resulting in short-term trading restrictions. The series of measures taken that day was implemented as a mechanism to control the pace of trading and selling pressure.