KOSPI intraday 7,000breaks below the line, circuit breaker and sidecar triggered
13The KOSPI fell below the line intraday and circuit breaker and sell sidecar measures were triggered one after another. Right after the open, it started at 7,000but losses widened in the afternoon from the 7,412.03range to the 6range, temporarily halting trading.8/
13The KOSPI fell below the line intraday and circuit breaker and sell sidecar measures were triggered in succession, temporarily halting some trading. The trading halt was the result of a mechanism that stops the execution of investor orders.7,000/
The morning session started at 7,412.03and opened down by 63.91points (0.85%) before intraday losses widened further.
In the afternoon, losses widened from the 6range to the 8range, and the circuit breaker was triggered in the process. The sell sidecar was also triggered that same day, limiting the execution of some orders.
Some brokerages said they had nailed this crash, and forecast that, seeing the current moment as the bottom, the KOSPI could11,450rise to that level. That outlook reflects views based on the market’s movements on the day.
Market participants pointed to the importance of a key support line. If it fails to hold, the possibility of further declines is being raised.
Because trading was halted, some investors’ orders were not executed, affecting positions that used intraday trading strategies. All figures are based on the numbers announced intraday on the 7month 13day.