What is stop high / stop low?Stop High / Stop Low

In Japan, a stock that hits the day's upper price limit is at “stop high” (sutoppu-daka), and at the lower limit “stop low” (sutoppu-yasu); the limits are set in yen by the price band of the previous close.

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Japan Stock Rules
Daily Price Limits: Stop High and Stop Low
Japanese price limits aren't percentages: the price band of the previous close sets how many yen a stock can rise or fall that day; if it closes stuck at limit-up, buy orders may be allocated pro rata.

Related terms

price limit
proportional allocation

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