The South Korean stock market has triggered a circuit breaker for two consecutive days. This marks the ninth circuit breaker so far this year.

BlockBeats News, July 29th. The South Korean Composite Stock Price Index (KOSPI) saw a intraday decline of over 8% today, triggering a circuit breaker mechanism as the index dropped below the 5600 point mark, hitting a recent low. This marks the ninth circuit breaker event in the South Korean stock market this year and the second consecutive day of such action.

Prior market observations suggested that the South Korean stock market's circuit breaker mechanism has malfunctioned, making it difficult to effectively halt sell-offs.

The core logic behind this round of plummeting prices is a revaluation of AI semiconductor stocks combined with structural flaws in the Korean market. Samsung Electronics and SK Hynix together account for over 40% of the KOSPI market capitalization, and the fluctuations in these two stocks can easily dictate the overall market direction.