India, June 8 -- On Monday morning, South Korea's KOSPI index collapsed 5.54% at the opening bell, and hit 8,116 as circuit breakers fired and trading was temporarily stopped. The currency, the Korean Won, has crashed through 1,559 against the dollar. Here's everything you need to know about the KOSPI Index Crash today.

Is the KOSPI Index Crash Today?

Yes, South Korea's benchmark KOSPI index crashed heavily today, closing down at 8.29% (676.18 points) at 484.41.

KOSPI Index Crash Today: Key Reason

The US Labour Department released the job report of May, and 172,000 new job positions were created. Within hours of the data dropping, the US 10-year Treasury yield spiked to 4.53%, and the dollar index surged to 100.07.

However, in South ...