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South Korea's 'Black Tuesday': Why the KOSPI Suffered a Historic Stock Market Crash

South Korea's stock market just witnessed an unprecedented meltdown, now being termed as “Black Tuesday.” The benchmark KOSPI index plummeted by approximately 9.99 percent, marking its largest single-day points decline in history by shedding 910.71 points. The devastating crash was so sharp that it triggered a 20-minute bourse-wide trading halt, the 13th sell-side circuit breaker triggered this year.