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, the country's benchmark stock index, amid a sharp decline. The KOSPI fell 4.67 percent, or 265.65 points, to 5,418.15, following the Democratic Party's victory in the U.S. midterm elections. This move came as the index opened 1.82 percent lower, triggering the sell-side sidecar due to the stock index falling 5 percent or more for at least one minute.
The Democratic Party's electoral success has raised concerns over potential tighter regulations on artificial intelligence (AI) data centers, contributing to the market's downward pressure.
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
