South Korea’s KOSPI index dropped 8% and halted trading, fueling bearish momentum in Nasdaq futures and global equities.
Nasdaq futures shifted to a bearish bias after South Korea’s KOSPI index collapsed 8%, triggering a circuit-breaker halt. The rout intensified concerns over global risk appetite and potential contagion in major markets.
The KOSPI’s decline marked its steepest single-day drop in years, surpassing recent volatility in Asian equities. Analysts are now assessing whether the sell-off signals broader weakness or a temporary correction in tech-heavy indices.
Traders are focusing on key support levels for short entries, while monitoring potential reversal points for profit-taking or a shift back to bullish sentiment.