South Korea Activates Sell-Side Sidecar for KOSPI Amid Sharp Decline

KOSPI Korea Exchange Samsung Electronics

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South Korea's bourse operator activated a sell-side sidecar for the KOSPI index on Tuesday after it tumbled sharply due to heavy selling pressure.
Program trading was suspended for five minutes as investors locked in profits following Samsung Electronics' strong preliminary second-quarter earnings estimate.

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South Korea's bourse operator activated a sell-side sidecar for the KOSPI index on Tuesday after it tumbled sharply due to heavy selling pressure. Program trading was suspended for five minutes as investors locked in profits following Samsung Electronics' strong preliminary second-quarter earnings estimate.

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대상, 사조CPK, 삼양사, CJ제일제당 등 4개사가 전분당 입찰 담합 의혹으로 공정위 조사를 다시 받게 됐다. 이들은 이미 전분당 가격 담합으로 역대 최대 과징금을 부과받았으며, 이번 입찰 담합으로 수천억 원의 추가 과징금이 부과될 수 있다.

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