KRX Activates Sell-Side Sidecar As KOSPI Drops More Than 4%
2026-07-24 02:39:25
According to Yonhap, South Korea's Korea Exchange (KRX) activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) on Friday after the index fell sharply, led by losses in tech heavyweights. Program trading in KOSPI-listed shares was suspended for five minutes around 11:28 a.m., and the KOSPI was down more than 4% as of 11:32 a.m. The decline came amid rising Middle East tensions after U.S. President Donald Trump said in a media interview that he was deciding whether to launch a "massive attack" on Iran that could be "bigger than ever before." A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5% or more for at least one minute.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
