SK Hynix Flash Crash Hits Nextrade Again, Reigniting Crypto Oracle Fears
8 Articles
8 Articles
Nextrade has banned upper and lower limit orders from the 12th to September 14th to prevent order errors following repeated lower limit trading of SK Hynix in the pre-market. This measure will be in effect until the introduction of a static volatility mitigation mechanism, and the market is scheduled to transition to a single-price trading system to control price volatility in the future.
(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = As SK Hynix's opening price plummeted to the lower limit twice in a short period due to abnormal orders, Nextrade (NXT...
On the Korea Stock Exchange, a technology share is short-term down by over 30 percent. Is that a warning about more general risks?
The SK Hynix action briefly plunged by 30% before the opening of South Korean markets, triggering tens of millions of dollars of liquidations. A sparked flash crash that highlights the fragility of the Nextrade platform and the nervousness of investors on the values related to artificial intelligence. The article Why this AI action collapses by 30% before the opening of markets ? appeared first on Cryptoast.
The action of the Korean memory chip giant dropped again by 30% in advance of the Nextrade alternative platform, a week after a similar episode, before resuming.
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