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SEOUL, June 23<\/strong> \u2013 South Korean stock markets experienced a significant downturn on Tuesday, falling nearly 10% as foreign investors sold off major semiconductor stocks and other key shares, following losses in U.S. tech markets. The nation\u2019s currency also weakened against the U.S. dollar.<\/p>\n The Korea Composite Stock Price Index (KOSPI) saw a steep decline of 910.71 points, dropping 9.99% to settle at 8,203.84. During the day, it reached a high of 9,175.45 before the downward trend took hold.<\/p>\n To address the rapid decline, the Korea Exchange (KRX) triggered a circuit breaker around 2:33 p.m., halting all trading for 20 minutes after the KOSPI fell more than 8% from the previous day’s close. This was the fourth time in 2026 that the KRX has implemented this type of trading halt.<\/p>\n In the U.S., while there were positive developments regarding negotiations with Iran, with Vice President JD Vance noting a “very good foundation,” the stock market closed on mixed terms. The technology-heavy Nasdaq Composite dropped by 1.3%, raising concerns about major tech companies.<\/p>\n Furthermore, shares of SpaceX plunged over 16% after news broke that the company is seeking to raise funds through bonds to support its artificial intelligence efforts.<\/p>\n As of 3:30 p.m., the exchange rate for the Korean won stood at 1,539.1 won per U.S. dollar, a decline of 2.1 won from the previous session. <\/p>\n This significant downturn reflects ongoing volatility in the global and local markets, highlighting the current economic challenges faced by investors.<\/p>\n\n","protected":false},"excerpt":{"rendered":" South Korean Stocks Drop Sharply Amid Foreign Selling SEOUL, June 23 \u2013 South Korean stock markets experienced a significant downturn on Tuesday, falling nearly 10% as foreign investors sold off major semiconductor stocks and other key shares, following losses in U.S. tech markets. The nation\u2019s currency also weakened against the U.S. dollar. The Korea Composite<\/p>\n","protected":false},"author":1,"featured_media":35428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-35427","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/35427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=35427"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/35427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/35428"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=35427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=35427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=35427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}