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South Korea Halts KOSPI Program Trading for Five Minutes After Index Rises 4 Percent
The Korea Exchange suspended program trading for five minutes on Tuesday after the benchmark index climbed sharply on technology gains. The KOSPI reached 6,788.51 by early afternoon, up more than 4 percent from the open.
Jul 20, 11:46 PM·1m read1 source
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South Korea's bourse operator activated a buy-side sidecar for the KOSPI on Tuesday after the benchmark index rose sharply on technology gains. , the Korea Exchange said. , a gain of 267.04 points, or 4.18 percent.
Yonhap reported the move came as the index advanced on strength in technology shares. A buy-side sidecar is triggered when the KOSPI 200 Futures index rises 5 percent or more for at least one minute, according to Yonhap.
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