KOSPI Drops 8.44% to 7,477 on June 8, Triggering 20-Minute Trading Halt

On June 8, South Korea's KOSPI slid 8.44% to 7,477, prompting the Korea Exchange to trigger a Level 1 circuit breaker and pause trading for 20 minutes at 9:03 a.m. local time. The selloff hit chip heavyweights Samsung Electronics and SK Hynix, which each fell about 10% intraday, while broader risk assets—including bitcoin—also faced pressure amid rate-hike concerns and geopolitical tensions.