Seoul: The Republic of Korea's bourse operator activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) on Monday as the index plummeted by more than 8 percent due to a downturn in tech heavyweights, Yonhap News Agency reported. Trading of KOSPI-listed stocks was halted for 20 minutes. The Korea Exchange implemented the measure shortly after the stock market opened, as the KOSPI plunged more than 8 percent.
According to Emirates News Agency, the index fell 8.41 percent from the previous session to reach an intraday low of 7,474.15 in early trading. The sharp decline in the index prompted immediate action to stabilize the situation and prevent further losses.