South Korea’s financial markets were thrown into turmoil on Monday as major stock indexes, including the KOSPI and KOSDAQ, plunged by more than 10% in early trading. The sharp decline triggered automatic ‘circuit breakers,’ effectively halting all trade to prevent a total market collapse. The crash is attributed to the rapidly escalating crisis in the Middle East, which has heightened global concerns over oil price volatility and supply chain disruptions. This sudden downturn represents one of the most severe market shocks in recent history for the South Korean exchange. Financial regulators are currently on high alert, assessing the situation as nervous investors await further developments in the geopolitical landscape.
Source: Korea halts trading as key indexes drop 10% on Middle East crisis
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