An electronic display shows the Kospi index at 8,801.49 after the market closed on June 2 in a trading room in central Seoul. It also projects the price of a single Samsung Electronics share. [NEWS1]
Extreme volatility gripped the Kospi on Tuesday as investors piled into short-term trades in leveraged exchange-traded funds (ETFs) tied to chipmakers, with the benchmark index plunging from above 8,900 to 8,503.48 in just five minutes.
The benchmark index later clawed back some losses during the afternoon session, closing at 8,801.49, up 0.15 percent from the previous trading day.
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