According to BeInCrypto, South Korea’s KOSPI index increased by 4.53 percent from Monday’s close to 5,717.30 on Tuesday morning. In response, the Korea Exchange paused its program buying for five minutes, marking the second interruption of this type in six days.
The earlier pause occurred on October 21 and did not result in sustained price pressure; the KOSPI subsequently recovered that rally within two trading sessions. This recent pause took place prior to the earnings release of SK Hynix.
For holders of the KOSPI, this rebound represents a short-term upward move following the exchange’s intervention. The pause was temporary and timed around the upcoming company reporting.
