South Korean stock markets experienced significant volatility, with the KOSDAQ index and KOSDAQ150 futures surging by over 6% on June 29th. This surge triggered the 'Side-car' trading mechanism, temporarily halting program trading. China International Capital Corporation noted that while the absolute leverage in the Korean stock market has reached historical highs, the relative market cap proportion is not extreme. However, high leverage amplifies volatility and could lead to margin calls if the market drops significantly. AI
RANK_REASON The item reports on a specific market event (trading halt due to price surge) and includes analysis from a financial institution. [lever_c_demoted from research: ic=1 ai=0.1]
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