South Korea’s bourse operator, the Korea Exchange (KRX), activates market-stabilizing measures as the KOSPI tumbles on heavy selling pressure, especially in technology and large-cap stocks. According to reports from Korea Times, the KRX first triggers a circuit breaker on Tuesday after the KOSPI drops more than 8% from the previous session’s close. Trading in KOSPI-listed shares is halted for 20 minutes, with activation reported around 1:51 p.m., and it marks the sixth time this year the KRX uses such a measure. Separately, the KRX also issues a sell-side sidecar for the KOSPI after further sharp declines. Program trading is suspended for several minutes at times reported around 1:31 p.m. and again in another session around 10:23 a.m., according to the Korea Times. The index is reported to fall into the 7,200–7,900 range depending on the session, with investors offloading technology and other large-cap holdings. One account links the move to profit-taking following Samsung Electronics’ preliminary second-quarter earnings estimate, while another cites broader reassessment of the next phase of AI trading. The reports also note that foreign and individual investors sell shares while institutional buying is recorded as larger in one session.
KRX triggers circuit breaker and sell-side sidecar as KOSPI sharply falls
South Korea’s bourse operator, the Korea Exchange (KRX), activates market-stabilizing measures as the KOSPI tumbles on heavy selling pressure, especially in technology and large-cap stocks. According...
- The KRX activates a circuit breaker for the KOSPI after the index falls sharply, with trading halted for 20 minutes (reported around 1:51 p.m.).
- The KRX also issues a sell-side sidecar for the KOSPI, with short suspensions of program trading reported for several minutes (e.g., around 1:31 p.m. and 10:23 a.m.).
- Selling pressure is concentrated in technology and other large-cap stocks, with investors locking in profits.
- Samsung Electronics’ preliminary earnings estimate is cited as one trigger for profit-taking in technology stocks during one reported session.
- In one session, foreign and individual investors sell a combined amount of 784 billion won, exceeding institutional buying of 767.9 billion won as of 1:40 p.m.
Korea's bourse operator on Wednesday 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 around 1:31 p.m., according to the Korea Exchange (KRX). The KOSPI came under heavy selling pressure as investors offloaded technology and other large-cap stocks as they reassess the next phase of artificial intelligence (AI) trade. Foreigners and individuals sold a combined 784 billion won ($519 million) worth of stocks as of 1:40 p.m., exceeding institutional buying worth 767.9 billion won. After opening 2.7 percent lower, the KOSPI fell as low as 7,222.60 during the session.
1 hour agoKorea's bourse operator on Tuesday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) after stocks tumbled on heavy losses in technology heavyweights. Trading of KOSPI-listed shares was halted for 20 minutes. The Korea Exchange (KRX) triggered the measure at around 1:51 p.m. after the KOSPI plunged more than 8 percent from the previous session's close. The benchmark index came under heavy selling pressure as investors moved to locked in profits and offloaded large-cap technology stocks. It marked the sixth time this year that the KRX has activated a circuit breaker.
1 day agoKorea's bourse operator on Tuesday 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 around 10:23 a.m., according to the Korea Exchange (KRX). The KOSPI came under heavy selling pressure as investors locked in profits after Samsung Electronics released its preliminary second-quarter earnings estimate. Local technology stocks plunged on profit-taking after the chipmaker estimated its operating profit for the April-June period at 89.4 trillion won ($58.4 billion), beating market forecasts. After opening down 1.6 percent at 7,920.48, the KOSPI fell as low as 7,568.59 during the session.
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