동시호가 (dongsi hoga)

The opening and closing auctions, where orders are collected and matched at one price.

동시호가 (dongsi hoga) is a single-price call auction. Before the open (08:30–09:00) and before the close (15:20–15:30, Korea time) orders are collected without trading and then matched all at once at a single price.

The closing auction sets the official closing price, which is used for the next day's price limits and for most index and fund calculations.

Also called: call auction · opening auction · closing auction