SEOUL, Nov. 5 (Yonhap) -- South Korea's bourse operator on Thursday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) 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 (KRX).
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 (AI) data centers.
A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute.
Financial data is shown on a screen at the dealing room of Hana Bank in downtown Seoul on Nov. 5, 2026. (Yonhap)
brk@yna.co.kr
(END)
Source: Yonhap News ยท Kim Boram
At a glance
- Topic
- World
- Country
- ๐ฐ๐ท KR
- Publisher language
- EN
- Added to Allnira