KRX activates sell-side sidecar for KOSPI on sharp fall
Korea's bourse operator on Friday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index plunged. Program trading for the KOSPI-listed shares was suspended for five minutes at 10:04 a.m., according to the Korea Exchange (KRX). After opening 2.99 percent lower, the KOSPI fell 277.75 points, or 4.68 percent, to 5,661.7 as of 10:06 a.m. The index…
Korea Exchange (KRX) has activated a sell-side sidecar for the KOSPI index following a sharp fall. The KOSPI index, which dropped 4.68 percent to 5,661.7, plummeted 277.75 points in just five minutes at 10:04 a.m. local time, according to KRX. The sell-side sidecar was triggered as the KOSPI 200 Futures Index fell by 5 percent or more for at least one minute.
The decline in the KOSPI index came after Wall Street shares retreated overnight, with Alphabet's stock plunging more than 12 percent following a third-quarter revenue miss. Concerns about the sustainability of the AI boom have also weighed on investor sentiment.
Written by urgent.news from The Korea Times's reporting — not their 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
