◆ Stacks
Glossary

circuit breaker

Like a breaker box cutting power on overload, it halts all trading for a set period when an index falls past a set threshold. On Korea's KOSPI, a drop of 8% or more sustained for a minute triggers a level-one halt of 20 minutes. The point is to break the panic-feeds-panic loop and give investors time to think; the trigger itself becomes an event that measures how scared the market is.

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