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Finance

KOSPI falls below 5,700 after open, trading curb triggered

South Korea\'s KOSPI slid more than 5 percent shortly after the open on Oct. 15, falling to the 5,600 level and triggering a sell-side sidecar in the main bourse. Foreign investors were net sellers by 285.6 billion won, while institutions bought 296.6 billion won. Samsung Electronics and SK Hynix led declines among top stocks. The KOSDAQ also fell below 800, while the won edged higher against the dollar.

Crypto

Shiba Inu daily burn value just $1 as focus turns to U.S. inflation data

Shiba Inu\'s daily burn tally has started showing again, but only 192,678 SHIB was burned over the past 24 hours, putting the burn value at about $1, according to Shibburn figures cited by U.Today. SHIB fell 3.64% to $0.00000522 over 24 hours. Broader crypto markets were weak as liquidations rose to $759 million. Investors are watching U.S. economic data due this week, including September inflation readings.

Mobility

Volkswagen\'s U.S. EV sales plunge about 90 percent in third quarter

Volkswagen\'s electric vehicle sales in the United States fell about 90 percent in the third quarter from a year earlier, an analysis said, largely because fewer vehicles were available to sell. InsideEVs reported the automaker sold 1,421 EVs in July to September. ID.4 and ID.Buzz sales dropped sharply. Volkswagen halted ID.4 production at its Chattanooga plant and paused ID.Buzz imports, relying on inventory and offering discounts.