KOSPI 8% plunge, ending after a circuit breaker was triggered at 7,656.31 close
7 month 7 KOSPI fell 8% or more, triggering a circuit breaker, and the session 7,656.31 at the close. A sell-sidecar was also triggered that day, sharply increasing market volatility.
KOSPI 7 month 7 day, 8% or more, triggering a circuit breaker, and 7,656.31 the session. From an investor’s perspective, it was an event in which volatility sharply increased in a single day.
The morning session opened 7,919.20 and trading began with a 132.13-point decline from the opening.
During the morning, 5 a sell-sidecar was triggered following a % plunge. This is the 16th time a sidecar has been triggered this year.
The circuit breaker was triggered by a 8% plunge, marking the sixth activation this year.
Samsung Electronics announced record-breaking results, but the KOSPI retreated below the 7,700 line. The index appeared unable to avoid a decline despite earnings announcements from large-cap stocks.
Some market participants warned of the plunge using a “Squid Game” analogy. This indicates that fear spread rapidly during the session.
Trading halts and partial trading restrictions continued around the market close, causing confusion over the execution status of investor orders.
According to market indicator tallies, the plunge that day led to a sharp increase in trading value across major stocks and ETFs.