The Kospi plummeted 7.28% on Thursday, October 15 in Seoul, touching 5,571 points in session, a day after US inflation came in above expectations. Samsung Electronics and SK Hynix fell by as much as 8.2% and 10.8% respectively, with foreign investors dumping 285.6 billion won of Korean stocks. Automatic trading halts were triggered for five minutes at 9:08 AM due to futures decline. The South Korean index now trades nearly 40% below its June record, after an initial 8% crash in July. Bitcoin shed 3.6% over 24 hours, approaching the $80,000 mark amid renewed tensions over US interest rates.
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