Economy/Home · Economy

[Breaking] Buguk Steel Hits Upper Limit Amid Sharp Decline in Major Indices... VI Triggered During Session

On the 23rd, in the KOSPI market, **Buguk Steel (026940)** rose to its price limit, reaching the upper limit. As of 11:37 a.m. on the same day, Buguk Steel was

CBC News Desk
Staff Reporter
2 min read
[Breaking] Buguk Steel Hits Upper Limit Amid Sharp Decline in Major Indices... VI Triggered During Session
CBC News

On the 23rd, in the KOSPI market, Buguk Steel (026940) rose to its price limit, reaching the upper limit.

As of 11:37 a.m. on the same day, Buguk Steel was trading at 3,755 won, up 865 won (29.93%) from the previous trading day, showing strong buying pressure. Following the sharp stock price surge, a Volatility Interruption (VI) was also triggered during the session. The static VI was activated at 10:34:09 a.m. and lifted at 10:36:10 a.m.

Meanwhile, the overall domestic stock market showed a clear bearish trend on the same day. At the same time Buguk Steel was showing strength, KOSPI fell 4.30% to 8,722.27 and KOSDAQ dropped 5.01% to 919.83, with both major indices recording a simultaneous sharp decline.

Despite the overall market downturn, buying pressure is concentrated on Buguk Steel, making it a standout trend. Investors are currently paying close attention to whether the upper limit will be maintained, changes in trading volume, and further stock price movements.

[※ This article is for investment reference only, and the responsibility for investment decisions, including buying and selling, lies with the investor.]

CBC News Desk
Staff Reporter

CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.