South Korean stocks surge 8% in a single day, triggering circuit break
Alina Collins
The South Korean KOSPI index surged 8.00% today, closing at 7787.14 points. Samsung Electronics rose by 7.4%, SK Hynix by 11.2%, and Hyundai Motor by 12.5%. When the intraday increase expanded to 5%, the South Korean exchange initiated a circuit breaker mechanism, pausing algorithmic trading for 5 minutes. It is worth noting that the KOSPI has accumulated an increase of over 80% this year, continuing to lead the global main stock indices.
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