SK Hynix has experienced a limit down in pre-market trading on NXT, as South Korea introduces static volatility interruption to address abnormal fluctuations.
According to reports, the South Korean alternative trading platform NEXTRADE experienced unusual fluctuations during pre-market trading again. SK Hynix hit the lower limit price after only trading 11 shares. In pre-market trading at 8 a.m. that day, only 11 shares were traded at 1,168,000 won per share, down 29.97% from the previous day's closing price. After trading resumed, the decline quickly narrowed to around 3% to 4%. NXT plans to introduce a static volatility interruption mechanism starting next month to prevent orders that deviate significantly from the previous day's closing price from being executed immediately.
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