KRX Activates Sell-Side Sidecar for KOSPI on Sharp Fall
13 Articles
13 Articles
South Korea triggers 'sidecar' trading halt, KOSPI slumps over 7%
The KOSPI index in South Korea plummeted, leading to a five-minute trading suspension as sell orders outnumbered buyers. Major tech players, including Samsung Electronics and SK Hynix, faced considerable losses, fueling the decline. This downturn marks the KOSPI’s longest losing trend since September 2024, sparking worries about recovery. Foreign investors also contributed to the decline by being net sellers, while Treasury bond interest rates d…
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 dropped. Program trading for the KOSPI-listed shares was suspended for five minutes at 9:08 a.m, according to the Korea Exchange (KRX). After opening 5.59 percent lower, the KOSPI lost 303.39 points, or 5.05 percent, to 5,705.42 as of 9:11 a.m. Investors sold off semiconductor shares, including Samsung …
The KOSPI plunged 5% early in trading on the 15th, falling below the 5,000 mark. Analysts suggest that investor sentiment is rapidly deteriorating as the outlook for the artificial intelligence (AI) industry wavers. As of 9:01 AM on the day, the KOSPI stood at 5,673.65, down 5.58% from the previous day. The KOSPI... Nextrade
(Seoul = Yonhap News) Reporter Kim Yu-hyang = Amid renewed controversy over the profitability of artificial intelligence (AI) investments, the KOSPI plummeted in early trading on the 15th, centered on large-cap semiconductor stocks...
On the 15th, the KOSPI index opened at 5,673 points, plunging 5.6% from the previous trading day, demonstrating significant market volatility as the shock from US inflation data and concerns about a bubble in the artificial intelligence industry came to the forefront.
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