KRX activates sell-side sidecar for KOSPI on sharp fall
13 Articles
13 Articles
South Korea ' s stock markets experienced a sharp collective decline during today ' s Thursdays, amid a wave of sales involving key indicators and major technology companies and semiconductors.
The KOSPI is plunging by over 4% in early trading on the 5th as concerns grow over regulations on the construction of artificial intelligence (AI) data centers following the realization of the so-called "Blue Wave," in which the Democratic Party gained control of both the House and Senate after the U.S. midterm elections. As of 10:18 a.m. on this day, the KOSPI recorded 5,417.86, down 4.68% from the previous day.
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 index came under downward pressure following …
The KOSPI index opened 1.8% lower on the 5th. The resolution of election uncertainty following the Democratic Party's takeover of Congress in the previous day's U.S. midterm elections acted as a positive factor for the New York stock market. However, investor sentiment in the domestic market appears dampened due to concerns over tightening regulations on artificial intelligence (AI) data centers and the impact of net selling by foreign investors…
(Seoul = Yonhap News) Reporter Lim Eun-jin = The KOSPI started lower on the 5th.
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