South Korea's stock market VI triggered 6,646 times in October, with a year-to-date cumulative total of 53,400 hitting a new record high.
TechFlow reports, on November 04, according to data from the Korea Exchange, the Volatility Index (VI) mechanism for the Korean Composite Stock Price Index (KOSPI) market was triggered 6,646 times in October, approximately 1.8 times that of August (3,695 times) and September (3,749 times). By the end of October, the VI had been triggered cumulatively 53,372 times this year, exceeding the previous annual record of 35,523 set in 2020, roughly 1.5 times that figure.According to Yonhap News Agency, the average daily volatility rate of the KOSPI in October was 3.58%, higher than the 2.07% in September but lower than the record high of 7.13% in July. Impacted by concerns over AI profitability and a credit crisis involving new U.S. cloud service provider CoreWeave, the KOSPI fell 16.19% in October.
TechFlow reports, on November 04, according to data from the Korea Exchange, the Volatility Index (VI) mechanism for the Korean Composite Stock Price Index (KOSPI) market was triggered 6,646 times in October, approximately 1.8 times that of August (3,695 times) and September (3,749 times). By the end of October, the VI had been triggered cumulatively 53,372 times this year, exceeding the previous annual record of 35,523 set in 2020, roughly 1.5 times that figure.
According to Yonhap News Agency, the average daily volatility rate of the KOSPI in October was 3.58%, higher than the 2.07% in September but lower than the record high of 7.13% in July. Impacted by concerns over AI profitability and a credit crisis involving new U.S. cloud service provider CoreWeave, the KOSPI fell 16.19% in October.
