South Korea's KOSPI Activates Sell-Side Sidecar Amid Sharp Decline
L'essentiel
South Korea's bourse operator activated a sell-side sidecar for the KOSPI on Monday after the index fell sharply due to renewed Middle East tensions and U.S. strikes on Iran, suspending program trading for five minutes.
Résumé généré par IA
Pourquoi c'est important
South Korea's bourse operator activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index tumbled sharply.
SEOUL, July 13 (Yonhap) -- South Korea's bourse operator on Monday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index tumbled sharply.
Program trading for the KOSPI was suspended for five minutes at 10:34 a.m., according to the Korea Exchange (KRX).
The KOSPI came under heavy selling pressure as investors offloaded market heavyweights amid renewed tensions in the Middle East, which weighed on investor sentiment.
On Sunday (U.S. time), the U.S. military launched strikes against Iran following Iran's drone attacks on U.S. allies in the Middle East.
After opening 0.85 percent lower at 7,412.03, the KOSPI fell as low as 7,159.42.
Questions ouvertes
- Will tensions in the Middle East continue to impact global markets?
- What further actions might the U.S. and Iran take?
