Korean stock market plunges 8%, triggering a circuit breaker; traders face liquidation of massive long positions

GateNews

2026-03-04 02:35:06

Gate News bot reports that the South Korean stock market triggered the circuit breaker and paused trading after an 8% decline. According to Lookonchain, trader 0x629A, who was heavily long on the South Korean stock market yesterday, has shifted from profit to loss. The trader holds 47,849 shares of cash:EWY (worth $6.04 million), with a liquidation price of $115.07.

Previously, trader 0x629A opened a 20x leveraged long position on the South Korean stock market on Hyperliquid, with a total value of $6.25 million. Source: Lookonchain

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