KRX activates sell-side sidecar for KOSPI on sharp fall
Korea's bourse operator on Thursday 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 9:08 a.m, according to the Korea Exchange (KRX). After opening 5.59 percent lower, the KOSPI lost 303.39 points, or 5.05 percent, to 5,705.42 as of 9:11 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 index. The sell-side sidecar was triggered after the KOSPI dropped by 5.05 percent, falling 303.39 points to 5,705.42. The suspension of program trading for five minutes at 9:08 a.m. was reported by The Korea Times, with investors selling off semiconductor shares, particularly Samsung Electronics and SK hynix, due to ongoing skepticism about AI-trading and renewed concerns over inflation in the US.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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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
