KOR
▲ The KOSPI and KOSDAQ indices are displayed at the dealing room of Hana Bank headquarters in Seoul on the 29th. The KOSPI showed a 1% to 2% gain in early trading, but turned downward again and fell below the 6,000 mark.
The KOSPI, which plummeted yesterday (the 28th), slid nearly 6% again today (the 29th), sinking below the 6,000 threshold.
Due to the sharp plunge in the domestic stock market, program trading sell sidecars—which temporarily suspend sell quote orders—and circuit breakers, which halt trading for 20 minutes, were triggered simultaneously in both the KOSPI and KOSDAQ markets for the second consecutive day.
According to the Korea Exchange, this marks the first time in history that circuit breakers have been triggered in both markets for two days in a row.
A circuit breaker is a market-cooling mechanism triggered as a "stage 1" measure when the KOSPI or KOSDAQ index plunges by 8% or more from the previous day and that situation persists for one minute.
On this day, the KOSPI closed at 5,663.24, down 360.42 points (5.98%) from the previous day.
The index started at 6,089.11, up 65.45 points (1.09%) from the previous session, and temporarily recovered to 6,228.52 (3.40%) in early trading.
However, it subsequently gave up its gains, turned downward, and even plummeted to as low as 5,262.77 (-12.63%).
Consequently, the difference between the intraday high and low points recorded 965.75 points, marking the second-highest in history.
The record high of 971.61 points was set on June 23 of last month.
Following yesterday's sharp decline (-7.72%), the KOSDAQ index also finished down 43.17 points (6.12%) at 662.68.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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