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 benchmark Korea Composite Stock Price Index (KOSPI) following a sharp fall in the index. Program trading for KOSPI-listed shares was suspended for five minutes at 9:08 a.m., with the KOSPI falling 5.05 percent to 5,705.42 points by 9:11 a.m. The sell-side sidecar is triggered when the KOSPI 200 Futures Index drops 5 percent or more for at least one minute.
Investors sold off semiconductor shares, including Samsung Electronics and SK hynix, amid persisting skepticism over artificial intelligence (AI)-trade and renewed concerns over the pace of inflation in the United States.
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.
This story
This is one outlet's version. Read the fullest account.
- 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
