KRX Activates Sell-Side Sidecar for KOSPI on Sharp Fall
3 Articles
3 Articles
KRX activates sell-side sidecar for KOSPI on sharp fall
Korea's bourse operator on Wednesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index fell sharp Program trading for the KOSPI-listed shares was suspended for five minutes at 09:06 a.m., according to the Korea Exchange (KRX). After opening 4.96 percent lower, the KOSPI lost 384.82 points, or 5.6 percent, to 6,485.01 as of 09:07 a.m. Investors sold off semiconductor shares, including Sam…
The KOSPI opened down nearly 5% due to the sharp decline in U.S. semiconductor stocks, triggering a sell-side circuit breaker. Samsung Electronics and SK Hynix are showing sharp drops in the 7–8% range, and as market anxiety grows, the index continues to widen its losses even after the market opened.
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