Circuit Breakers

Posted By Steve On Friday, October 23rd, 2009 With 0 Comments

Australia
No specific Circuit Breaker policy but at the descretion of the ASX
China
China Financial Futures Exchange
 
Shanghai Stock Exchange
 
Shenzhen Stock Exchange
 
Hong Kong
No Circuit Breaker policy
India
Bombay Stock Exchange

10% movement up or down of the SENSEX Index
* 1 hour market halt if the movement occurs before 13:00
* 1/2 hour market halt at or after 13:00 but before 14:30
* no halt at or after 14:30

15% movement up or down of the SENSEX Index
* 2 hour market halt if the movement occurs before 13:00
* 1 hour market halt at or after 13:00 but before 14:00
* halted for the rest of the day at or after 14:00

20% movement up or down of the SENSEX Index
* market halted for the rest of the day

National Stock Exchange

10% movement up or down of the NIFTY Index
* 1 hour market halt if the movement occurs before 13:00
* 1/2 hour market halt at or after 13:00 but before 14:30
* no halt at or after 14:30

15% movement up or down of the SENSEX Index
* 2 hour market halt if the movement occurs before 13:00
* 1 hour market halt at or after 13:00 but before 14:00
* halted for the rest of the day at or after 14:00

20% movement up or down of the SENSEX Index
* market halted for the rest of the day

Indonesia
Indonesia Stock Exchange
 
Japan
JASDAQ
 
Osaka Securities Exchange
 
Tokyo Commodity Exchange
The CB trigger level is to be set every day at the start of a clearing period (i.e: the start of a night session at 17:00) and is based on the settlement price of the previous clearing period (or the settlement price of the preceding contract month, in case of a new contract month). After the start of a session, including the opening auction, if there are corresponding orders at a price falling outside the CB trigger level (i.e: if the CB is “triggered”), said orders will not be immediately executed and the trading session for all contract months in that instrument will be halted. The CB trigger level will be expanded and the order acceptance period will start. Trading will then resume simultaneously in all contract months through an opening auction. If the CB is triggered within the last 5 minutes of the day session or night session (i.e. after 15:25 or 22:55), the session will end at the closing time.
Tokyo International Financial Exchange
 
Tokyo Stock Exchange
 
Korea
Korea Exchange
10% drop of the KOSPI.
Trading resumes with periodic call auction.
Malaysia
Bursa Malaysia
The circuit breaker will be triggered when the Kuala Lumpur Composite Index (KLCI) declines 10%, 15% and 20% below its closing index of the previous market day.
New Zealand
New Zealand Stock Exchange
 
Philippines
Philippine Stock Exchange
 
Singapore
JADEX
Singapore Commodity Exchange
Singapore Exchange
 
Taiwan
Taiwan Futures Exchange
 
Taiwan Stock Exchange
If potential execution price is greater than +/-7.0% of last traded price, stock matching suspended for 2 to 3 mins.
Thailand
Thailand Stock Exchange
Trading halt for 30 mins if SET50 Index drops by 10% from the previous close, and 1 hour for a 20% fall.
Vietnam
Vietnam Stock Exchange
 

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