7 month 8 day Foreign selling triggers trading restrictions on the KOSPI and KOSDAQ
7 month 8 day The KOSPI plunged intraday by 8%, triggering a circuit breaker, and sell-sidecars were simultaneously activated on the KOSPI and KOSDAQ. The KOSDAQ fell below the 800 line intraday and at one point showed a decline in the 3% range.
7 month 8 day The KOSPI plunged intraday by 8%, triggering a circuit breaker. Trading in some indices and stocks was temporarily suspended following the activation of the circuit breaker.
On the same day, sell-sidecars were simultaneously activated on the KOSPI and KOSDAQ. A sell-sidecar is a trading restriction measure that limits large sell orders below a certain price for a set period.
The KOSDAQ fell below the 800 line intraday, and substantial selling pressure was observed in some stocks. The KOSDAQ's breakdown below the 800 line on this day was the first in 10 months.
Toward the close, the KOSPI recovered the 7,700line, while SK hynix rebounded during the session and showed strength in the 4% range. Volatility was high among some large-cap stocks.
A securities firm forecast that the KOSPI would move within a range for the time being. The trading restrictions imposed that day were reportedly triggered by increased foreign selling.
Please check the day's execution details and the specifics of the order restrictions in notices from the exchange and securities firms. Investors should confirm whether execution and quote restrictions apply before trading.