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 plunged. Program trading for the KOSPI-listed shares was suspended for five minutes at 10:16 a.m., according to the Korea Exchange (KRX). After opening 1.82 percent lower, the KOSPI surrendered 265.65 points, or 4.67 percent, to 5,418.15 as of 10:16 a.m.…
The Korea Exchange (KRX) has activated a sell-side sidecar for the KOSPI index following a sharp decline. The index experienced a significant drop, falling by 4.67 percent to 5,418.15 points within the first 10 minutes of trading. This sell-side sidecar is triggered when the KOSPI 200 Futures Index falls by 5 percent or more for at least one minute.
The sell-off was attributed to the Democratic Party's victory in the U.S. midterm elections, which raised concerns about potential tighter regulations on artificial intelligence (AI) data centers. Additionally, program trading for KOSPI-listed shares was suspended for five minutes at 10:16 a.m.
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.
Also reported by 2 other outlets
- 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
