Loading ...Korea “Black Monday”: Kospi Halted For 20 Minutes After Crashing Almost 10%
… and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index’s decline from its recent peak to nearly 17%, poised to enter a technical correction and on pace for an outright bear market (20% drop from highs) should the local plunge protection team fail to stem the collapse.
Anyone care to speculate on where US markets will be 15 minutes after opening bell on Monday morning??
Don’t know, but 2 hrs before the open Nasdaq futures are up 1.3%.
Keep in mind that 50% of the Korean Market index is made from 2 semiconductor stocks. As JP Morgan did say… Stocks: they will fluctuate.