TradingKey – South Korea’s stock market triggered its second circuit breaker of June, as Samsung and SK Hynix also suffered from panic selling.

During the Asian trading session on June 23, the South Korean stock market continued to slide after the opening bell. KOSPI 200 futures fell 5%, triggering a circuit breaker that suspended program trading for five minutes. Among individual stocks, SK Hynix plunged more than 6%, nearly erasing yesterday’s gains to trade at 2.741 million won, while Samsung fell over 5% to 335,000 won.

SK Hynix stock price chart, Source: TradingView

Following the market-wide circuit breaker on June 8, this marks the second major correction for South Korean equities this month. The core factors driving today’s market…