SOUTH KOREA HALTS PROGRAM TRADING
August 9th, 2011Via: Bloomberg:
Program trading on Kospi shares was stopped for five minutes from 1:23 p.m. local time after Kospi 200 Index (KOSPI2) futures fell more than 5 percent for more than a minute, Korea Exchange Inc. said. Trading of shares on the Kosdaq, which has 1,030 stocks, was temporarily halted after the index tumbled in excess of 10 percent for more than a minute, triggering automatic curbs. The tech-heavy gauge plunged 6.6 percent today, its worst performance since November 2008.
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