I hope no one has any money invested in the Korean stock market because it is dropping faster then even Wall Street:

Domestic stock prices further plunged Friday as financial jitters spread in the market.

The benchmark KOSPI plunged more than 100 points, or ten-point-six percent, to close at 938. It’s the first time in 40 months the index has dipped below one thousand points.

The tech-heavy KOSDAQ also crashed 32 points, or over ten percent, to 276, posting an all-time low for the third straight day.

A circuit breaker, or a halt in trading, was activated on the KOSDAQ market for the fourth time in history.

At one point, program trading was shut down for five minutes on plummeting futures prices. It was the eleventh sidecar triggered this year.

The dollar value against the Korean won rose for the fourth consecutive day to close at 1424, the poorest showing for the won in ten years and four months. The exchange rate of the Japanese yen against the won also posted an all-time high of 100 yen trading at 1495 won.  [KBS Global]