KRX Issues Circuit Breaker for KOSPI on Sharp Fall
The sell-off hit memory-chip giants Samsung and SK Hynix and left QQQ vulnerable, with NVDA and AVGO making up about 15% of the fund.
- On Monday, South Korea's KOSPI tripped circuit breakers in early trading, falling roughly 7.25% and breaking its streak as the world's top-performing major market this year.
- Broadcom issued a lower-than-expected AI semiconductor revenue forecast on Friday, triggering a 7.7% drop in the iShares MSCI South Korea ETF and contributing to a roughly 15% weekly loss.
- Major tech holdings NVDA and AVGO, which together represent roughly 15% of the QQQ ETF, depend heavily on Korean memory supply chains now rattled by the collapse.
- CEO Jensen Huang, currently in South Korea finalizing a deal with Hynix, downplayed the sell-off, stating, "Everybody should be very excited, they can now buy stock at a cheaper price."
- Reports that Iran fired missiles at Israel are compounding downward pressure on investors already shaken by the Korean market's steep decline, adding external geopolitical uncertainty.
24 Articles
24 Articles
Asia stock markets plunge as South Korea's KOSPI triggers halt amid
Asian equities markets declined sharply on Monday, led by South Korea’s KOSPI Index, which fell 8.8%. This was driven by a tech selloff from Wall Street affecting semiconductor and AI stocks, as stronger-than-expected US jobs data fueled concerns
The Korean Stock Market Just Crashed Sunday Night. Will the Nasdaq Follow Tomorrow?
South Korea’s KOSPI tripped circuit breakers in early Monday local trading and is down roughly 7.25% as of 10:45 p.m. ET, an abrupt break in what had been the top-performing major market in the world this year. The question now: does the contagion hit the Nasdaq when New York opens? What’s Happening in Overnight Trading ... The Korean Stock Market Just Crashed Sunday Night. Will the Nasdaq Follow Tomorrow?
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10% After the close on Friday, we said that on Monday, Korean stocks would be a "bundle of joy"... Korea on Monday will be a bundle of joy — zerohedge (@zerohedge) June 5, 2026 ... and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index's decline from its recent peak to nearly 17%, poised to enter …
KRX issues circuit breaker for KOSPI on sharp fall
Korea's bourse operator on Monday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) as the index nosedived by more than 8 percent due to a slump in tech heavyweights. Trading of KOSPI-listed stocks was being halted for 20 minutes. The Korea Exchange issued the measure shortly after the stock market opening, after the KOSPI crashed more than 8 percent. The KOSPI fell sharply as the index tracked Wall Street's…
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