KRX activates sell-side sidecar for KOSPI on sharp fall
Korea's bourse operator on Tuesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index dropped. Program trading for the KOSPI-listed shares was suspended for five minutes at 9:48 a.m, according to the Korea Exchange (KRX). After opening 3.1 percent lower, the KOSPI lost 257.09 points, or 4.03 percent, to 6,127.15 as of 9:50 a.m. Investors…
The Korea Exchange (KRX) has activated a sell-side sidecar for the KOSPI index amid a sharp decline in the benchmark stock price. The KOSPI index, which fell 4.03 percent to 6,127.15, saw program trading suspended for five minutes at 9:48 a.m. The sell-side sidecar is activated when the KOSPI 200 Futures Index falls by 5 percent or more for at least one minute.
Investors sold off semiconductor shares, including Samsung Electronics and SK hynix, amid losses in U.S. technology stocks and uncertainty ahead of major companies' earnings reports and the release of U.S. inflation data.
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- KRX activates sell-side sidecar for KOSPI on sharp fall koreatimes.co.kr
- KRX activates sell-side sidecar for KOSPI on sharp fall en.yna.co.kr
