SK Hercules had a 30% crash in front of the Nextrade, and for the second time since last week, he had an unusual swing
On 6 August, FIA reported that South Korea ' s storage chip giant, SK Hercules, had collapsed for the second time in about a week in a pre-Nextrade deal, once again raising the market ' s question about the high price volatility of Korea ' s alternative trading platform. On Thursday, at 8 a.m. local time, SK Hercules sold 11 shares in Nextrade at 1.168,000 won, a 30 per cent reduction compared to the previous day ' s closing price, touching down restrictions on the same day. At the end of the 50-minute pre-discretion period, the drop narrows to about 2 per cent. That morning, during regular trading hours on the Korean Exchange, the SK Hercules stock price fell by 9.8 per cent. After the United States Storage Chips Company's short-sighted quarterly collections, stock prices were set back in post-card transactions and the Korean chip stock generally weakened. This violent fluctuations are very similar to those of last Tuesday. At the time, SK Hercules had also dropped by 30 per cent in a pre-discretion deal, and then narrowed down. The incident caused the price of the derivatives linked to the SK Hercules stock, traded on the encrypted currency exchange Hyperliquid, to drop by approximately 20 per cent, and the multiple positions held in the contract were forced to settle down by almost $60 million in two minutes
