South Korea’s KOSPI closes down 6% near 5,000 as government convenes emergency market meeting

Cointime reports: South Korea’s KOSPI closed down 324.11 points, or 6.02%, at 5,059.69 on November 6 after falling nearly 9% intraday and briefly losing the 5,000 level, triggering its 11th circuit breaker of the year. The government then convened an emergency meeting to review market conditions, and the index pared some losses. The KOSDAQ fell 5.03%, SK Hynix dropped 10.44% and Samsung Electronics lost 6.35%.