South Korea’s KOSPI Pauses Trading After 8% Plunge Triggers Circuit Breaker

South Korea's KOSPI triggered a circuit breaker after an 8% drop, signaling acute risk-off conditions and potential forced deleveraging in local equities. Trading halts typically widen uncertainty around price discovery and can spill over into Asia risk assets via sentiment, volatility repricing, and cross-market hedging flows. Short-term focus will be on liquidity conditions, margin dynamics, and any policy or stabilization response.