South Korea’s KOSPI crashes 10% as regulator admits ETF mistake
South Korea’s benchmark KOSPI stock index plunged nearly 10% today, triggering a market-wide trading halt one day after the country’s top financial regulator acknowledged that authorities had rushed the approval of leveraged funds tied to its two largest chipmakers. According to reports, the KOSPI closed down 9.99% at 8,203.84, its steepest decline since March 4….
