Korean stock index fell by more than 8%
SEOUL, June 8, 2018 (WAM) – The Korean stock index, the KOSPI, fell by more than 8% during today’s trading session, which led to the mechanism for temporarily suspending all trading, which was followed by the activation of the mechanism for temporarily stopping automated trading programs.
The Korea Stock Exchange announced that it decided to activate the mechanism to completely suspend trading in the stock market for 20 minutes this morning, and accordingly, complete trading on all stocks listed on the stock market was suspended, and trading in the futures and options markets linked to stocks was also stopped.
When the mechanism was activated, the KOSPI index reached 7,474.74 points, decreasing by 685.85 points, or the equivalent of 8.40% compared to the close of the previous session.
This is the third time that the entire trading suspension mechanism has been activated in the Kospi market during the current year, and the ninth since its adoption.
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