{"id":76096,"date":"2026-07-29T10:21:37","date_gmt":"2026-07-29T10:21:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kospi-falls-below-5600-in-record-back-to-back-circuit-breaker-as-bitcoin-rises-above-64000\/"},"modified":"2026-07-29T10:21:37","modified_gmt":"2026-07-29T10:21:37","slug":"kospi-falls-below-5600-in-record-back-to-back-circuit-breaker-as-bitcoin-rises-above-64000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kospi-falls-below-5600-in-record-back-to-back-circuit-breaker-as-bitcoin-rises-above-64000\/","title":{"rendered":"Kospi Falls Below 5,600 in Record Back-to-Back Circuit Breaker as Bitcoin Rises Above $64,000"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Kospi and Kosdaq triggered circuit breakers on Wednesday, Korea\u2019s first-ever back-to-back halt.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SK Hynix fell sharply despite reporting a 557% jump in quarterly profit that still missed forecasts.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin rose about 1% toward $64,000, decoupling from Korea\u2019s selloff for a second week straight.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Record Back-to-Back Circuit Breaker<\/h2>\n<p>The Korea Exchange halted trading on both the Kospi and the smaller Kosdaq index for 20 minutes, a mechanism that automatically freezes an entire market for a fixed window once an index falls a set percentage in a single session. Kosdaq <a href=\"https:\/\/www.digitaltoday.co.kr\/en\/view\/86771\/kospi-falls-to-5500-level-circuit-breakers-triggered-in-both-markets-for-second-straight-day\" target=\"_blank\" rel=\"noopener noreferrer\">triggered its halt first<\/a>, falling 56.85 points, or 8.05%, to 649.00 at 12:19 p.m. local time. The Kospi followed 13 minutes later, sliding 491.33 points, or 8.15%, from Tuesday\u2019s 6,023.66 close <a href=\"https:\/\/www.koreajoongangdaily.com\/business\/circuit-breakers-halt-kospi-kosdaq-for-2nd-straight-day-as-benchmark-drops-below-6000\/12797430\" target=\"_blank\" rel=\"noopener noreferrer\">to hit 5,532.33<\/a> at 12:32 p.m.<\/p>\n<p>It was the first time in Korean market history the benchmark had triggered circuit breakers on consecutive trading days. The rout followed Tuesday\u2019s <a href=\"https:\/\/en.sedaily.com\/finance\/2026\/07\/28\/breaking-news-kospi-triggers-circuit-breaker-8th-this-year\" target=\"_blank\" rel=\"noopener noreferrer\">eighth circuit breaker of the year<\/a>, when the Kospi plunged 8.02% intraday and closed down 10.8% after news that a Chinese company had begun mass production of a homegrown deep ultraviolet (DUV) chipmaking tool, threatening Samsung Electronics and SK Hynix\u2019s grip on the memory-chip export market.<\/p>\n<p>Local reporting attributed Wednesday\u2019s extension of the selloff to continued weakness in large semiconductor stocks, heavy foreign selling, and lingering concern over supply-and-demand pressure from single-stock leveraged exchange-traded funds (ETFs) that had ballooned in size earlier this year.<\/p>\n<h2>A Profit Beat That Still Wasn\u2019t Enough<\/h2>\n<p>The selloff deepened even as SK Hynix reported blowout earnings. The chipmaker\u2019s shares fell sharply Wednesday despite posting a 557% jump in quarterly profit, a result that still missed the elevated expectations Wall Street and Seoul investors had built into the stock after months of AI-driven memory-chip demand.<\/p>\n<p><\/p>\n<p>The mismatch once again brought to light just how far semiconductor valuations across Asia had run ahead of fundamentals, leaving little room for anything short of a blowout to satisfy the market.<\/p>\n<h2>Bitcoin Breaks From the Pattern<\/h2>\n<p>Bitcoin had tracked Korea\u2019s selloff closely on Tuesday, sliding about 2.7% to <a href=\"https:\/\/news.bitcoin.com\/market-updates\/134m-in-bitcoin-longs-vaporized-as-btc-breaks-below-63k-ahead-of-fed-showdown\/\">roughly $63,000<\/a> as the Kospi\u2019s initial crash coincided with rising Federal Reserve rate-hike odds and a stalling CLARITY Act to help <a href=\"https:\/\/news.bitcoin.com\/bitcoin-slides-under-64000-100-million-liquidated\/\">drive a wave of crypto liquidations<\/a>. Subsequently, the last 24 hours have seen the asset climb above $64,400 even as Korea\u2019s second straight circuit breaker played out.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-835039\" title=\"Kospi Falls Below 5,600 in Record Back-to-Back Circuit Breaker as Bitcoin Rises Above $64,000\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/kospi-crashes-8-and-halts-trading-as-bitcoin-slides-2-heres-whats-behind-the-chip-stock-meltdown2_nwmk.jpg\" alt=\"Kospi Falls Below 5,600 in Record Back-to-Back Circuit Breaker as Bitcoin Rises Above $64,000\" width=\"1244\" height=\"785\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/kospi-crashes-8-and-halts-trading-as-bitcoin-slides-2-heres-whats-behind-the-chip-stock-meltdown2_nwmk-300x189.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/kospi-crashes-8-and-halts-trading-as-bitcoin-slides-2-heres-whats-behind-the-chip-stock-meltdown2_nwmk-1024x646.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/kospi-crashes-8-and-halts-trading-as-bitcoin-slides-2-heres-whats-behind-the-chip-stock-meltdown2_nwmk-768x485.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/kospi-crashes-8-and-halts-trading-as-bitcoin-slides-2-heres-whats-behind-the-chip-stock-meltdown2_nwmk.jpg 1244w\" sizes=\"auto, (max-width: 1244px) 100vw, 1244px\"\/><\/p>\n<p>In the meantime, Senate Majority Leader John Thune signaled the CLARITY Act would not clear the chamber before its August recess, before recovering alongside the broader crypto market.<\/p>\n<p>Wednesday marked the second time in seven days that crypto held its ground through a sharp unwind in AI-linked equities, a pattern that suggests bitcoin\u2019s tight correlation with semiconductor and AI stocks may be loosening. Analysts have generally described the relationship between Kospi swings and bitcoin moves as correlated through a shared investor base rather than causally linked, a framing that Wednesday\u2019s divergence complicates without fully resolving.<\/p>\n<p>Samsung Electronics and SK Hynix remain the two most heavily weighted stocks on the index, meaning one more leg down in chip shares could easily trigger another circuit breaker before Korean markets get a chance to stabilize.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/kospi-back-to-back-circuit-breaker-bitcoin-decouples\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Kospi and Kosdaq triggered circuit breakers on Wednesday, Korea\u2019s first-ever back-to-back halt. SK Hynix fell sharply despite reporting a 557% jump in quarterly profit that still missed forecasts. Bitcoin rose about 1% toward $64,000, decoupling from Korea\u2019s selloff for a second week straight. A Record Back-to-Back [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76096"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76096"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76097"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}