(URGENT) KRX activates sell-side sidecar for KOSPI on sharp decline
(END)
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.
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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
