South Korea's Nextrade to bar limit-up and limit-down orders from Aug. 12

South Korean alternative trading platform Nextrade will temporarily ban orders placed at a stock's daily upper and lower price limits starting Aug. 12, in a move aimed at reducing price distortion. The platform said some shares had traded at their limit-up or limit-down prices during its premarket session, including SK Hynix, raising concerns that even very small trading volumes could skew price formation.

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