S. Korean exchange KOSPI halts trading after hitting the circuit breaker, down over 8%
With the rout in the global markets extending, South Korean benchmark, KOSPI, halted trading for 20 mins after it hit the lower circuit breaker.
The benchmark fell 8% to hit the lowest since 2009. KOSPI fell as low as 1,461.51, with fears over a global economic downturn intensifying.
Further, the jump in the number of new virus cases in the South also spooked the investors.
- S. Korean Pres. Moon: To supply 50 trillion won emergency financing for small business
- South Korea confirms 152 new coronavirus cases, USD/KRW hits highest since 2009