00:00It's Benzinga, bringing Wall Street to Main Street.
00:02South Korea's Kospi fell 9.99% on Tuesday, marking its steepest drop in more than three months, according to
00:08Reuters.
00:09The benchmark index closed down 910.71 points at 8,203.84, its biggest daily decline since March 4.
00:18Samsung Electronics and SK Hynix each fell more than 12%, wiping out billions in market value and triggering a 20
00:26-minute market-wide trading halt.
00:27The sell-off came as overseas investors sold chipmakers after regulatory signals that the sector's rally had become overheated.
00:35The Kospi had risen 94.67% this year after Samsung and SK Hynix pushed the index above 9,100
00:42points on Monday.
00:44Regulators recently warned retail investors about leverage as margin debt hit a record high in June.
00:49For all things money, visit Benzinga.com.
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