đš BREAKING: KOSDAQ Jumps Over 5% as Trading Curbs Triggered for Third Straight Day
âą 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.
âą 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.
âą 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.
âą 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.
âą 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
âą 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.
âą 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.
âą 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.
âą 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.
âą 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