The move follows repeated circuit breakers on South Korea’s benchmark index and a 17% drop in SK Hynix shares, pointing to acute stress in the country’s equity market.
South Korea’s finance minister is set to convene an emergency market meeting after repeated circuit breakers were triggered on the KOSPI, the country’s main stock index, and SK Hynix shares fell 17%. The development signals a sharp bout of volatility in South Korean equities, with trading halts typically used to slow panic selling and give markets time to absorb heavy moves.