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South Korea's stock market triggers "temporary suspension" for two consecutive days due to sharp declines
21st Century Business Herald 21 Express South China Finance, March 4 — According to Xinhua News Agency, influenced by the US and Israel’s attacks on Iran, South Korea’s stock market plummeted during the trading session on the 4th, triggering the “temporary suspension” mechanism for the second consecutive day due to major stock index crashes.
According to Yonhap News Agency report on the 4th, at approximately 9:06 a.m., South Korea’s KOSPI 200 futures index was at 807.65 points, down 51.95 points from the previous trading day’s closing price, a decline of 6.04%. The Korea Exchange initiated the “temporary suspension” measure, pausing algorithmic trading sell operations for 5 minutes.
South Korea’s stock market experienced a sharp decline during the trading session on the 3rd, triggering the “temporary suspension” mechanism again after nearly a month due to a major stock index crash.