Following yesterday's 'Black Monday' on South Korean markets, the country's two major stock markets got off to an even worse start this morning.<br />We have our Hong Yoo on the line with the latest on the market turmoil.<br />So, yesterday, the tech-heavy KOSDAQ plunged to a three-year low and the main benchmark KOSPI had a day to forget too.<br />It's Tuesday now... are we seeing more of the same.... or a slight pickup?<br /><br />Mark, local stock markets opened lower than Monday's close with the benchmark KOSPI opening at 19-00, down 2-point-THREE-NINE percent.<br />The KOSDAQ plunged another 2-point-FIVE-EIGHT percent.<br />As we are speaking, about three hours since South Korea's benchmark KOSPI and secondary market KOSDAQ has opened, KOSPI is down 16-point-ZERO-NINE points or point-EIGHT-THREE percent.<br />But KOSDAQ is seeing an increase of 6-point-SEVEN-EIGHT points or 1-point-ONE-NINE percent.<br />This is a relief for KOSDAQ from Monday when it dropped to the lowest level since January of 2015 on Monday and the Korea Exchange triggered a cool-off period known as a sidecar, during which all program trading is halted for 5 minutes.<br />Early Tuesday morning, the Korea Exchange held a market inspection conference to examine Monday's plunge.<br />But it wasn't just Korean stocks that suffered as Asian markets opened lower on Tuesday as well.<br />Japan's Nikkei dropped 2-point-ZERO-THREE percent to 20,299.<br />Wall Street also saw its worst drop of the year as China countered President Trump's tariffs by devaluing the yuan and this prompted the U.S. to designate China a currency manipulator.<br />The S&P 500 dropped 3 percent to 2,844 on Monday for its worst loss this year, the Dow Jones Industrial Average lost 2-point-9 percent and the Nasdaq composite fell 3-and-a half percent.<br />It was the worst percentage drop for all three indexes this year.<br />Back to you Mark.<br />
