NXT (Nextrade alternative trading system) temporarily bans upper- and lower-limit orders in the pre-market from the 12th…until the static VI is introduced in September
https://news.einfomax.co.kr/news/articleView.html?idxno=4429170
In particular last month's execution of a single share of SK Hynix at the lower limit caused a major stir in the market, triggering forced liquidations worth 57.4 million dollars in overseas crypto derivatives markets(see the article titled 'Was SK Hynix's single-share limit-down intentional… the mystery that triggered 57 million dollars of derivative liquidations', filed by Yonhap Infomax on the morning of the 30th of last month).
It seems SK Hynix's share price is linked to overseas crypto derivatives markets, and taking that into account, some of these orders may not be mistakes but a hedge fund's determination to cash in. (Citadel, for instance, which appears to have gone after Leopold)
When domestic retail investors see something like this the moment the pre-market opens, their hearts sink at the thought that foreigners are playing games again, and their mood is ruined from the morning at the thought that today too will be a crash...
Even so, this problem will take a little time until a fundamental solution is introduced, but before thenit is a relief that they quickly put out at least a temporary alternative that seems able to contain the problem.
