r/WallstreetWhales • u/theshmigo • 2d ago

NEWS Korea Exchange halted program selling for 5 minutes after KOSPI crashed -5%.This is the first sidecar triggered in almost 2 months.

Post image

Oh my…how many times will it do this?

167 Upvotes

94% Upvoted

30 comments sorted by

28

u/brokeboipobre 2d ago

KOSPI never fails to deliver the big red candles

2

u/likamuka 1d ago

and it is a pleasure to watch

20

u/lolwut778 2d ago

Their index is more volatile than a 3X ETF.

7

u/pr0newbie 2d ago

So imagine the 3x kospi ETFS hahaha

16

u/jaraxel_arabani 2d ago

Love when a major index is trading like a meme coin

11

u/JPL_WSB_BRRRRR 2d ago

It's 2 stocks bro.

6

u/LegPristine2891 2d ago

Shibal!!!!

4

u/wanderingyume 1d ago

they're allowed to pause the market only when its losing? interesting.

Deserverd then.

1

u/Ok-Explanation5605 1d ago

there's also a buyside sidecar in sharp rises.

1

u/THEMEMEMASTER112 1h ago

When market is climbing too fast in a specified period of time a trade halt is also initiated. It’s called a volatility halt for both directions.

These rules are primarily for the US and FINRA regulated securities, but other countries have similar rules in place. You can look it up, it’s called the LULD (Limit Up/Limit Down) Rules, basically there are these bands, typically 5-10%, and if the stock goes above or below those bands and stays above it for over 15 seconds, a 5 minute halt is placed on it. There are 3 tiers of halts and follow these rules: Tier 1- (7% drop) halts trading for 15 minutes if it happens before 3:25 PM ET, Tier 2- (13% drop) halts trading for another 15 minutes if before 3:25 PM ET, Tier 3- (20% drop) all trading is halted for the rest of the day.

3

u/allislost81 1d ago

Koreans love this one simple trick

2

u/george420 2d ago

Based. Fat red candles, glorious and beautiful. One or two more and we’re backing up the truck on DRAM.

2

u/SnooConfections6085 1d ago

The Korean stock market of today is just like the Vienna stock market of the early 1870's.

1

u/Ionuzzu123 2d ago

1

u/Consistent_Panda5891 1d ago

Love how in Asia green means drop 🤣. Honestly I think they get the colour simple because is the most common. After housing crash Nikkei needed 30y despite all inflation to breakeven

1

u/FewCompetition1347 2d ago

I bet they stand and clap if it goes up 5% in a minute

1

u/Wondering_Electron 2d ago

What caused the drop this time?

1

u/dakameltua 2d ago

Great hope it gets worse

1

u/blofeldfinger 2d ago

They did it again?

1

u/Best-Bodybuilder9015 1d ago

The ants are back!!!

1

u/gggreddit789 1d ago

Kimchi at it again

1

u/Shoddy_Front_2582 2d ago

LFG! Buying opportunity!!!