Korea Exchange after-market draws heavy retail trading, sharp volatility
Kim Ji-ho stared at his stock trading app in confusion on Monday evening. He knew that the after-hours market was opening and noticed that a stock he was interested in had risen 10 percent. But by the time he returned from the bathroom, all the gains had disappeared. "It was a little scary, so I don't think I'll be trading in the after-hours market for a while," said Kim, a 25-year-old college…
On Monday evening, Kim Ji-ho, a 25-year-old college student, was left bewildered after trading a stock in the after-hours market. The stock had risen by 10 percent, but by the time Kim returned from the bathroom, the gains had vanished. This experience left Kim hesitant to trade during after-hours sessions in the future.
The after-hours trading session saw heavy retail trading, leading to sharp volatility. Some brokerages faced technical difficulties, and many investors found the new system confusing, as they struggled to differentiate between regular-session closing prices and after-hours prices. The situation was further complicated by the existence of both the Korea Exchange (KRX) and Nextrade after-hours markets, requiring investors to navigate between two distinct order screens.
The KRX extended stock trading hours on Monday, permitting trading for almost all listed stocks from 4 p.m. to 8 p.m. However, the introduction of the after-hours market has raised concerns among investors regarding the complexity and potential instability of the trading environment.
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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