JUST IN: 🇰🇷South Korea’s financial regulator holds EMERGENCY meeting after KOSPI crashes -8%, triggering a trading halt. Today, KOSPI plunged as much as -9.2% to 5,450, its lowest since July 29. Trading was suspended for 20mins when losses reached 8%, triggering KOSPI’s first circuit breaker since July. It marked the index’s 10th circuit breaker this year and the 16th in its history. KOSPI closed down -7.57%, extending losses to 7 straight sessions, its longest losing streak since Sept 2024. The selloff followed a tech-led Wall Street rout as sticky U.S. inflation raised bets on further rate hikes. Amid the turmoil, the FSC convened an emergency meeting to assess risks. Its chair warned that “investments relying on excessive debt and credit are dangerous,” as concerns over AI spending intensified.