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KOSPI Drops Nearly 4.25 Percent, Activating Sell-Side Sidecar in Seoul
South Korea's bourse operator suspended program trading in KOSPI shares for five minutes after the index fell sharply. The move followed losses led by semiconductors amid Middle East tensions.
Jul 19, 10:26 PM·1m read1 source
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South Korea's bourse operator activated a sell-side sidecar for the KOSPI on Monday after the benchmark index fell sharply. , Yonhap reported. The KOSPI had declined nearly 4.25 percent as of 11:25 a.m.
Losses were led by semiconductor stocks. The drop occurred as tensions escalated in the Middle East following the death of a third U.S. military member during weekend attacks between the United States and Iran.
A sell-side sidecar activates when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute, Yonhap reported. The Korea Exchange confirmed the trading halt.
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