The hourly momentum indicator triggered a positive crossover and is also showing divergence indicating that the momentum on the downside is weakening and the index is likely to start a fresh leg of up move in the next few trading sessions.
South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumble
South Korea’s KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decline was primarily driven