Kospi plunges 11%, hits a 3-month low

Seoul stocks crashed Tuesday, with the benchmark Kospi tumbling nearly 11 percent as a selloff in chip heavyweights intensified. The Kospi closed the regular session at 6,023.66, down 10.84 percent from the previous day. Losses mounted from the opening bell, triggering a sell-side sidecar at around 9:06 a.m. and later a circuit breaker as the decline deepened. A sidecar briefly suspends program trading, while a circuit breaker halts all trading. The index briefly fell as low as 5,992.91, slippin