South Korea
Block Media
KOSPI Plunges 5%, Sidecars Triggered in Both Markets — Bitcoin Holds $80,000, ETFs See Net Inflows
- KOSPI and KOSDAQ each dropped over 5% on AI data-center regulation fears following the US midterm elections, triggering sell sidecars in both markets.
- Bitcoin rebounded to hold the $80,000 level, and US spot Bitcoin and Ethereum ETFs resumed net inflows.
- South Korea's government moved to push back the digital asset income tax, originally slated for January, by two years to 2029.