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Finance
Nextrade to temporarily ban limit-up and limit-down orders in pre-market from Aug. 12
Nextrade will temporarily ban limit-up and limit-down orders in its pre-market from Aug. 12 after repeated cases in which extreme prices were executed on small orders. It plans to add a static volatility interruption mechanism from Sept. 14 to reduce sharp price swings. Nextrade said some extreme-price executions are believed to have stemmed from errors in the order-processing process. It will also change how volatility interruptions are triggered and monitor for abnormal signs.
People
Vice minister Goo reviews national new drug development results, says AI will speed innovation
Goo Hyeok-chae (구혁채), first vice minister at South Korea\'s Ministry of Science and ICT, held a meeting on Monday at the National New Drug Development Project unit in Seoul to hear strategies for generating results from the unit and supported companies. The visit marked the 21st step in the government’s Project Empathy 118 initiative for field-focused science and technology policy. Goo said the programme would strengthen performance-based support in phase two and actively use AI.
Finance
KOSPI closes at record high of 7,844
South Korea\'s KOSPI opened lower on Tuesday but turned higher during the session and ended in the 7,800s, setting a record closing high. The benchmark rose 200.86 points, or 2.63 percent, to 7,844.01. Foreign investors net sold 3.72 trillion won as the dollar-won rate climbed to the 1,490 won range, while individuals and institutions bought. Auto and chip shares led gains.
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Finance
8 in 10 retail investors profit despite war risk; Samsung Electronics tops gains and losses
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Finance
KOSPI recovers 5,500 after \'Iran shock\'; Kosdaq jumps 14 percent
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Finance
South Korean stocks hit record highs again; Kosdaq reclaims 1,100 for first time in 25 years
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Finance
Kosdaq hits highest close in 25 years as it reclaims 1,000 level
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Finance
KOSPI hits intraday record high on leaders\' strength near 4,640