Finance

KOSPI ends slightly lower near 6,250; foreigners net sell nearly 1 trillion won

South Korea\'s KOSPI fell 0.60 percent to 6,258.77 after swinging sharply, dropping to the 6,100 level on heavy foreign selling before recouping most losses. Foreigners were net sellers of 976.1 billion won, while institutions and retail investors bought. Samsung Electronics rose, while SK Hynix fell. The KOSDAQ slipped 0.36 percent to 798.80, and the won strengthened to 1,417.10 per dollar.

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.