The Fear and Greed Index dropped sharply as the KOSPI fell 5%, triggering a circuit breaker on the Korean exchange. KOSPI 200 futures also declined 5%, halting program trading for five minutes. Samsung shares dropped 6.5%, while SK Hynix fell more than 8%. Nasdaq futures slipped nearly 1%, with major chip stocks declining in after-hours trading. The futures market experienced broad-based weakness across Asian and U.S. assets.
Odaily Planet Daily report: South Korea’s KOSPI index decline widened to 5%, Samsung fell 6.5%, and SK Hynix dropped over 8%. Nasdaq futures slid nearly 1%, with major chip stocks generally declining in after-hours trading.
The Korean exchange triggered a circuit breaker for the KOSPI due to a 5% decline in KOSPI 200 futures, pausing algorithmic trading for 5 minutes.
