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…
South Korea witnessed its inaugural after-hours stock trading session on Monday, with a staggering 1.8 trillion won ($1.33 billion) in trades, according to the Korea Exchange (KRX). The four-hour session, running from 4 p.m. to 8 p.m., followed the regular 9 a.m.-3:30 p.m. trading period, covering stocks on the KOSPI and Kosdaq indices.
This initiative, aimed at competing with global markets like the Nasdaq, which plans to introduce 23-hour trading by year-end, was described as a "foundation for competition with global markets" by a KRX official. In the four-hour window, 72.24 million shares, worth 1.82 trillion won, changed hands, comprising 8.03 percent of the 900 million shares, valued at 25.8 trillion won, that were traded during the standard session.
Prior to this, after-hours trading was only accessible on the Nextrade (NXT) platform until 3:40 p.m. the previous Friday.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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