Investing
Add as a preferred source on GoogleKorea Exchange rules set the trigger at a drop of more than 8% from the previous close sustained for one minute.
The KOSPI fell more than 8% in early trading Friday, triggering a 20-minute halt, before ending the session down about 6%.
Losses exceeded 8%. Korea Exchange (KRX) rules require the index to remain more than 8% below its previous close for one minute before a halt begins.
Institutions must lock up portions of their allocations for six, eight and 10 months, with separate caps for KOSPI and KOSDAQ offerings.
SK Hynix fell 10%, 4.4 percentage points more than the benchmark; July 29 losses were steeper for both.
The two chipmakers’ opening losses exceeded the benchmark’s decline.
