The benchmark Korea Composite Stock Price Index (KOSPI) nosedived 133.56 points, or 8.39 percent, to settle at 1,457.64. Trading volume stood at 965.2 million shares worth 11.8 trillion won (9.2 billion U.S. dollars).
South Korea's currency finished at 1,285.7 won against the greenback, down 40.0 won from the previous close.
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