Market Chatter: Korea Exchange Halts Kospi Trading for 20 Minutes Over Market Volatility

MT Newswires Live
Mar 09

The Korea Exchange issued a circuit breaker on the country's primary stock market Korea Composite Stock Price Index, or Kospi, in Monday morning trade amid extreme market volatility in light of the US-Israel-Iran war and increasing oil prices, Yonhap News reported Monday.

A circuit breaker activates if the index remains 8% below the previous session's close for one minute. The Korea Exchange announced the measure at 10:31 am after the Kospi plunged 452.8 points, or 8.11%, to 5,132.07, the report said.

Earlier, the Korea Exchange triggered a five-minute sell-side sidecar after the Kospi 200 Futures moved 5%+ for a minute. Investors monitored global energy volatility as West Texas Intermediate (WTI) crude surpassed $100/barrel on Sunday (US time), the report said.

After the index resumed transactions, it moved down 445.88 points, or 7.98%, to 5,138.99 as of 11:20 am, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10