Sebi has proposed introducing a closing auction session (CAS) to determine share prices, initially for derivative stocks, with plans to extend it to all stocks later. The move aims to address concerns about operational complexity for passive funds. Sebi suggests extending the CAS framework to all highly liquid stocks to streamline execution for passive funds.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq