Korea's October Stock Market VI Triggers 6646 Times, Year-to-Date Total Reaches 53,400, Setting a New Record

TechFlow, November 4: According to Korea Exchange data, the Volatility Interruption (VI) mechanism in the securities market for the Korea Composite Stock Price Index (KOSPI) triggered 6646 times in October, about 1.8 times the 3695 triggers in August and 3749 triggers in September. As of the end of October, year-to-date VI triggers totaled 53372, surpassing the previous full-year record of 35523 in 2020, about 1.5 times that level.

According to Yonhap News Agency, KOSPI's average daily volatility in October was 3.58%, higher than 2.07% in September but below the record 7.13% in July. Affected by concerns over AI profitability and a credit crisis at new US cloud service provider CoreWeave, KOSPI fell 16.19% in October.

Source: TechFlow