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…
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