According to CoinMeta, and as reported by Reuters, South Korea's KOSPI index tumbled 8.8%, falling below 5,000 points, resulting in the 11th freeze of transactions this year. The KOSPI index triggered its circuit breaker mechanism when it fell by 8%, a situation that has only occurred 6 times before in 2026. Currently, the KOSPI index is down 46% from its record high in June. Its two major stocks, Samsung and SK Hynix, which produce memory for NVIDIA AI chips, just experienced the second worst day in their history. South Korea's Finance Minister vowed this morning to curb excessive volatility.