KRX issues sell-side sidecar for KOSPI on sharp fall
The country's bourse operator on Friday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index as the index nosedived due to a slump in tech heavyweights.
Program trading for the KOSPI was suspended for five minutes at around 9:08 a.m., according to the Korea Exchange.
The KOSPI fell sharply as investors took a breather following a recent rally in tech shares amid uncertainty over the US-Iran peace deal.
Opening at 3.66 percent lower, the KOSPI fell as low as 8,146.65
- KRX issues sell-side sidecar for KOSPI on sharp fall Korea Times —
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower CNBC —
- Kospi plunges 5% on US chip stock rout The Korea Herald —
- Seoul shares open sharply lower on tech slump amid Middle East uncertainty The Korea Herald —
- Foreign selling drags Kospi down 5%, sends won to 17-year low The Korea Herald —