On Tuesday, October 13, the Kospi plummeted 5.46% to 6,035.35 points, its worst decline in nearly two months, triggering an automatic circuit breaker for the first time since summer. Samsung Electronics fell 7.39% and SK Hynix dropped 10.09%, with foreign investors selling 4,510 trillion won net, equivalent to 3.35 billion dollars. Over five consecutive sessions of decline, the index lost 13.83%. The shockwave spread to bitcoin, which hit 81,200 dollars around 1:00 AM UTC, triggering 771 million dollars in liquidations across the crypto market in 24 hours. Bitcoin subsequently rebounded toward 83,700 dollars ahead of the US Consumer Price Index release at 2:30 PM Paris time.
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