KOSPI Circuit Breaker Triggered as South Korea Stock Selloff Wipes Out $240 Billion

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South Korea’s KOSPI index plunged 5.7% to around 8,600 points, wiping out roughly $240 billion in market value. Major technology stocks led the decline, with Samsung Electronics falling 5.9% and SK Hynix dropping 6.6%. The selloff was driven by profit-taking after a strong AI-fueled rally, elevated retail margin debt, and more than $1.3 billion in …