So following the market incident yesterday, things got so wild that multiple exchanges all over the world has implemented a halt in their trading session.
In South Korea, the KOSPI at one point dropped 10.8% in a day, causing the financial institutions to trigger a “sidecar trading curb”.
A sidecar trading curb suspends futures trading for 5 minutes to “prevent panic”. And is triggered when the KOSPI 200 index futures rise or fall more than 5 percent in a day.
Incidentally, Japan has also halted trades following the same aggressive market action. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, thats 12% down in a day.
In crypto however, trading never stops. Since the drop from yesterday, bitcoin has been up 10% if you manage to catch the absolute bottom.