Koreas Stock Market Fell So Fast They Had to Halt It [Du5NQ7KSAVE]
The Kospi closed down 10.84 percent at 6,023.66 on Tuesday, its steepest fall since March 4, after touching minus 11.29 percent intraday. A sidecar and a marketwide circuit breaker were both triggered. Samsung Electronics fell 13.39 percent, SK hynix 14.65 percent, SK Square 15.6 percent. It reached past chips: Hyundai Motor fell 9.68 percent and Naver 6.67 percent. Foreign investors off-loaded a net 4.97 trillion won, about $3.4 billion; retail investors bought a net 4.33 trillion won. The trigger was two pieces of news out of China: a government-backed Shanghai firm has begun manufacturing domestic deep ultraviolet lithography tools, and CXMT's IPO surged nearly 470 percent on debut. No ads. No sponsors. Ever. We stay independent because YOU keep us alive: Like, subscribe, share (it genuinely beats the algorithm), and support at Patreon.com/Pixel_Politics. Everything we make, with every source: #politics #news #factcheck #PixelPolitics