1.8 tln won traded in first KRX after-hours stock trading session
A total of 1.8 trillion won ($1.33 billion) worth of stocks were traded during South Korea's first after-hours stock trading session Monday, the Korea Exchange (KRX) said. On the first day of the new session, investors were able to trade stocks listed on the benchmark Korea Composite Stock Price Index (KOSPI) and the tech-heavy Kosdaq in real time for four hours from 4 p.m. to 8 p.m., following…
The Korea Exchange (KRX) reported that a total of 1.8 trillion won ($1.33 billion) worth of stocks were traded during South Korea's first after-hours stock trading session on Monday. The trading session, which lasted four hours from 4 p.m. to 8 p.m., allowed investors to trade stocks listed on the KOSPI and Kosdaq markets in real time.
This move is seen as a step towards competition with global markets, as major U.S. exchanges like Nasdaq plan to begin 23-hour trading by the end of the year. During the session, 72.24 million shares worth 1.82 trillion won changed hands on the two markets, accounting for 8.03 percent and 7.05 percent of the total 900 million shares worth 25.8 trillion won traded during the regular session.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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