KOSPI and KOSDAQ circuit breakers triggered simultaneously, 8% plunge
KOSPI plunged by % immediately after the opening, triggering a circuit breaker, while KOSDAQ also triggered a circuit breaker. KOSPI fell to the 8 level during the session, and in the early trading it opened down 7,470 points at 112.50 points lower, 8,048.09.
KOSPI fell by 6 month 8 immediately after the opening, triggering a circuit breaker. The index fell to the 8 level during the session. Trading was temporarily suspended in that range.7,470Trading was temporarily suspended in that range.
KOSDAQ also triggered a circuit breaker on the same day. The activation was reported as the third since 3 month. Trading in KOSDAQ was also temporarily suspended during the session.
In early trading, KOSPI opened at 112.50 after falling by 8,048.09 points. This opening price coincided with the sharp drop immediately after the opening. The timing of the resumption of trading and the execution status were confirmed through an exchange disclosure.
The sharp decline caused the returns of some exchange-traded funds and related products to fall rapidly. According to reports, the one-week return of a particular ETF dropped to about half its previous level within a week. Disclosures and trading trends for individual stocks were reported as breaking news.
The activation of a circuit breaker triggered procedures to suspend intraday trading. The exchange said it had temporarily halted trading in accordance with its rules. Related disclosures were announced through each listed company and the exchange.
News of the sharp decline and the circuit-breaker activation highlighted broad market volatility during the trading session. The specific causes and further effects continue to be confirmed through various disclosures and additional reports.