Kospi drops below 5,000, triggering circuit breaker as chip stocks tumble
South Korea’s Kospi fell more than 8% shortly after opening on November 6, dropping below 5,000 and triggering a circuit breaker, Yonhap reported. At 9:53 a.m., the index was down 7.74% at 4,967.05, while Samsung Electronics fell 8.54% and SK Hynix lost 10.52%. A temporary suspension of program selling was also triggered after the circuit breaker was lifted.