Korea Herald7 minutes agoBusiness1 min readSouth Korea

KRX activates sell-side sidecar for KOSPI on sharp fall

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South Korea's Korea Exchange activated a sell-side sidecar for the KOSPI benchmark index on Thursday after it fell 4.67 percent to 5,418.15, suspending program trading for five minutes at 10:16 a.m. following the Democratic Party's U.S. midterm election victory.

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Why It Matters

A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute. The KOSPI opened 1.82 percent lower before surrendering 265.65 points.

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South Korea's bourse operator on Thursday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index as the stock index plunged.

Program trading for the KOSPI-listed shares was suspended for five minutes at 10:16 a.m., according to the Korea Exchange.

After opening 1.82 percent lower, the KOSPI surrendered 265.65 points, or 4.67 percent, to 5,418.15 as of 10:16 a.m.

The index came under downward pressure following the Democratic Party's victory in the U.S. midterm elections, raising concerns over tighter regulations on artificial intelligence data centers.

A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute. (Yonhap)

Open Questions

What specific AI data center regulations are being proposed?
How long will program trading remain suspended?
What was the KOSPI's closing value after the suspension?

KRX activates sell-side sidecar for KOSPI on sharp fall

Quick Look

AI-generated summary

Why It Matters

A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute. The KOSPI opened 1.82 percent lower before surrendering 265.65 points.

Font size

South Korea's bourse operator on Thursday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index as the stock index plunged.

Program trading for the KOSPI-listed shares was suspended for five minutes at 10:16 a.m., according to the Korea Exchange.

After opening 1.82 percent lower, the KOSPI surrendered 265.65 points, or 4.67 percent, to 5,418.15 as of 10:16 a.m.

The index came under downward pressure following the Democratic Party's victory in the U.S. midterm elections, raising concerns over tighter regulations on artificial intelligence data centers.

A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute. (Yonhap)

Open Questions

What specific AI data center regulations are being proposed?
How long will program trading remain suspended?
What was the KOSPI's closing value after the suspension?

KRX activates sell-side sidecar for KOSPI on sharp fall

Quick Look

Why It Matters

Open Questions

Related Topics

KRX activates sell-side sidecar for KOSPI on sharp fall

Quick Look

Why It Matters

Open Questions

Related Topics

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