SEOUL, July 28 (Yonhap) -- South Korea's bourse operator on Tuesday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) on a sell-off in tech shares.

Trading of KOSPI-listed shares was halted for 20 minutes.

The Korea Exchange (KRX) triggered the marketwide circuit breaker at around 10:14 a.m. after the KOSPI plunged more than 8 percent from the previous session's close.

The benchmark index came under heavy selling pressure as investors sold off semiconductor shares on skepticism about tech giants' heavy spending on artificial intelligence (AI).

It marked the seventh time this year that the KRX has activated a circuit breaker.

brk@yna.co.kr

(END)

  • 'Dracula' featuring Jennie maintains No. 5 on Billboard 100
  • 'Agent Kim Reactivated' reigns atop Netflix's weekly non-English chart for 3rd week
  • Nam Joo-hyuk to star in new Disney+ crime thriller 'Code'
  • (LEAD) 3 Korean films invited to screen at Toronto film fest
  • Seoul calls for 'no unfair infringement' under new U.S. student visa policy

  • Disney+ to release 2nd season of 'Made in Korea' in Sept.

  • (LEAD) S. Korea, U.S. open shipbuilding partnership center to advance MASGA initiative
  • (LEAD) 3 Korean films invited to screen at Toronto film fest
  • (2nd LD) Flood alert upgraded for Imjin River near inter-Korean border amid downpours
  • 'Agent Kim Reactivated' reigns atop Netflix's weekly non-English chart for 3rd week

  • S. Korea closely monitoring Russia's reported preparation for more N. Korean troops: foreign ministry

  • KRX activates sell-side sidecar for KOSPI on sharp decline
  • N. Korea covers inter-Korean border building in screens for apparent renovation work
  • Lee arrives in Brazil for summit with Lula, business roundtable
  • S. Korea to participate in U.S.-led int'l cybersecurity exercise