Asian markets plunge after record AI rally and renewed Iran attacks
South Korea's stock market was forced to halt trading for 20 minutes after the Kospi index plunged by nearly 9% within minutes of Monday's opening. The halt is part of a circuit breaker mechanism designed to prevent panic trading and was triggered for the third time this year after a sharp sell-off
AI Translated Summary:
Asian markets experienced a significant downturn following a record rally in AI stocks and renewed attacks from Iran. South Korea's stock market halted trading for 20 minutes as the Kospi index dropped nearly 9% shortly after opening.
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