After the slide on Wall Street on Tuesday regional equites here are feeling the heat.
- Nikkie 225 is down 5% from its record high hit on Tuesday
In South Korea, KOSPI futures halted after a 5% slide.
In brief:
- The ‘sidecar’ is a rule that lets the Korea Exchange (KRX, the operator of SK’s bourse) halt futures trading of equities during periods of extreme market volatility.
- Triggered when the benchmark KOSPI futures contract moves more than 5% from the previous close.
- The KRX limits program trading for five minutes as a ‘circuit breaker’
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More:
KOSDAQ halted too
- 6% drop
- programme trading halted for 5 minutes
This article was written by Eamonn Sheridan at investinglive.com.