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The Economic Times
The Economic Times
Business
Akash Podishetti

South Korean stocks in tailspin as Kospi crashes 8%, head for worst week since March

South Korean stocks tumbled more than 8% on Friday, triggering a 20-minute trading halt after a sharp selloff in semiconductor stocks and renewed weakness in global technology shares.

The benchmark KOSPI index fell 8.18% to 8,199.81, extending losses from earlier in the week and putting the index on course for its steepest weekly decline in more than three months. Trading was temporarily suspended after the benchmark triggered circuit breakers for the second time this week.

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