KRX Activates Sell-Side Sidecar for KOSPI on Sharp Fall
10 Articles
10 Articles
KRX activates sell-side sidecar for KOSPI on sharp fall
Korea's bourse operator on Tuesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index dropped. Program trading for the KOSPI-listed shares was suspended for five minutes at 9:48 a.m, according to the Korea Exchange (KRX). After opening 3.1 percent lower, the KOSPI lost 257.09 points, or 4.03 percent, to 6,127.15 as of 9:50 a.m. Investors sold off semiconductor shares, including Samsung El…
The KOSPI plunged 4% on the 13th compared to the previous day, triggering a sell-side circuit breaker. This marks the first activation of the circuit breaker, a mechanism designed to mitigate stock market volatility, in over two months since mid-August, signaling that the market, which had been quiet for some time, is once again becoming volatile. As of 10:30 AM on this day, the KOSPI stood at 5,993.29.
(Seoul = Yonhap News) Reporter Kim Yu-hyang = The KOSPI fell by 2–3% in early trading on the 13th, continuing its downward trend for five consecutive trading days.
The KOSPI index plunged 5% during trading, triggering a sell-side circuit breaker. Weakness in U.S. semiconductor stocks and news of China's Changxin Memory developing DDR5 technology based on the 4F² structure increased downward pressure across the domestic stock market, leading to a sharp decline in semiconductor-related stocks.
KOSPI Drops 5% as China's CXMT Chip Advance Hits Samsung and SK Hynix
South Korea's KOSPI fell nearly 5% to 6,100 on Tuesday morning as Chinese chip progress hit Samsung and SK Hynix. The two chipmakers hold more than half the index by market value. The Korea Composite Stock Price Index (KOSPI) extends a 3.7% slide on Monday and sits 10.1% lower over five days. Even...
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