South Korea’s Korea Composite Stock Price Index (KOSPI) index fell by 8% on Monday. That prompted the stock market to halt trading for 20 minutes after the US-led semiconductor hit Asian markets.
The benchmark sank 8.4% to 7,477 at the open, stumbling on a circuit breaker. The Korea Securities Dealers Automated Quotation (KOSDAQ) also fell more than 7%.
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Why Tech Stocks Led the Crash
Samsung Electronics and SK Hynix both fell about 10% intraday. The two chipmakers dominate the KOSPI, so their losses dragged the entire index down.
The selloff also spread to other Asian markets. Japan’s Nikkei 225 fell 3.4% as losses widened across the region. Market pressures were exacerbated by rising tensions in the Middle East.
In addition, the decline has already begun to increase after a sharp selloff on Wall Street. On Friday, the Nasdaq Composite fell 4.18% to 25,709.43, marking its lowest one-day high since April 2025.
Investors did and stronger than we expected The US jobs report for May, which prompted traders to lower their expectations for a rate cut by the Federal Reserve this year.
The data that pushed the Treasury led to higher and higher concerns increase the cost of borrowing it could disrupt technology companies that invest heavily in smart infrastructure.
Crypto Holds Firm As Risk Assets Wobble
Cryptocurrencies broke from the equity slide on Monday. Bitcoin (BTC) sold for about $63,020. about 2.7% per 24 hours, according to More about BeInCrypto Markets.
Ethereum (ETH) rose nearly 6% to $1,680. The gains followed weeks of heavy losses in digital assets during a massive selloff.
However, Bitcoin is still more than 45% below its October 2025 record high of over $126,000. Furthermore, Bitcoin exchange-traded fund (ETF) outflows have risen in price.
The upcoming sessions may reveal as crypto he continues to refuse A risk that affects global markets.
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A note KOSPI’s 8% Drop Triggers Circuit Breaker as Tech Selloff Hits Asia appeared for the first time BeInCrypto.
