South Korea's Kospi Index Flash Crashed

2.7% in the last minute of trading. No, not the algo bots who have caused over 500 flash crashes this year in the US stock market.

According to Bloomberg, it's because "President Barack Obama and his South Korean counterpart Lee Myung Bak failed to reach agreement on a free-trade accord."

The Kospi Index chart from Bloomberg:


(h/t solochristos)

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