Seoul Brakes on Buying Again as KOSPI Jumps Nearly 5%. Will It Stick This Time?
South Korea’s KOSPI rose 4.87% from Monday’s close to 5,263.13 by 9:43 a.m. Seoul time on Tuesday. The jump forced the Korea Exchange to pause program buying for five minutes. The curb, known as a buy-side sidecar, has fired several times since October 21. The US Consumer Price Index (CPI) report due Tuesday is the The post Seoul Brakes on Buying Again as KOSPI Jumps Nearly 5%. Will It Stick This Time? appeared first on BeInCrypto.
Key Takeaways
- South Korea’s KOSPI rose 4.87% from Monday’s close to 5,263.13 by 9:43 a.m.
- Seoul time on Tuesday.
- The jump forced the Korea Exchange to pause program buying for five minutes.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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