The KRX limits the daily price fluctuation up to ±30% of base price in order to secure fair and orderly trading by way of fair price discovery of listed securities and preventing investors' damage from excessive price fluctuations. However, the daily price limits are not applied to those issues under liquidation trading for delisting scheduled, ELWs, subscription rights and subscription warrants.
In addition, leveraged ETFs which are geared to the price changes in the underlying assets by a certain multiple (including negative multiple), the daily price limits are expanded applying the multiple.
Ex) 2X leverage ETF's price limit: 60%
|Period||Daily Price Limit(%)|
|Before Apr. '1995||Fixed amount: 17 phases by price levels||On average : 4.6%(2.2~6.7%)|
|Apr. 1, '1995 ~||Fixed rates||6%|
|Nov. 24, '1996 ~||8%|
|Mar. 2, '1998 ~||12%|
|Dec. 7, '1998 ~||15%|
|June 15, '2015 ~||30%|