🚨 BREAKING: KOSDAQ Jumps Over 5% as Trading Curbs Triggered for Third Straight Day
• South Korea's KOSDAQ surged more than 5% after the Korea Exchange activated a buy-side-only trading curb at 10:47:51 KST, temporarily pausing program trading.
• The buy-side curb has now been triggered for the third consecutive trading day, marking the 17th occurrence this year and the 12th instance last month.
• Institutional investors were heavy buyers, purchasing a net KRW 354 billion of KOSDAQ shares, while retail and foreign investors sold a net KRW 167 billion and KRW 183 billion, respectively.
• Biotech stocks led the rally, with LigaChem (+12.9%), ABL Bio (+12.3%), HLB (+9.6%), Peptron (+9.4%), Alteogen (+7.0%) and Sam Chun Dang Pharm (+6.0%) posting strong gains.
• Finance Minister Koo Yun-cheol said the government will work to reduce market volatility and swiftly implement measures to limit the use of single-stock leveraged ETFs.
$SKHY $KORU
• South Korea's KOSDAQ surged more than 5% after the Korea Exchange activated a buy-side-only trading curb at 10:47:51 KST, temporarily pausing program trading.
• The buy-side curb has now been triggered for the third consecutive trading day, marking the 17th occurrence this year and the 12th instance last month.
• Institutional investors were heavy buyers, purchasing a net KRW 354 billion of KOSDAQ shares, while retail and foreign investors sold a net KRW 167 billion and KRW 183 billion, respectively.
• Biotech stocks led the rally, with LigaChem (+12.9%), ABL Bio (+12.3%), HLB (+9.6%), Peptron (+9.4%), Alteogen (+7.0%) and Sam Chun Dang Pharm (+6.0%) posting strong gains.
• Finance Minister Koo Yun-cheol said the government will work to reduce market volatility and swiftly implement measures to limit the use of single-stock leveraged ETFs.
$SKHY $KORU