KRX activates sell-side sidecar for KOSPI on sharp fall

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SEOUL, Oct. 30 (Yonhap) -- South Korea's bourse operator on Friday 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 10:04 a.m., according to the Korea Exchange (KRX).

After opening 2.99 percent lower, the KOSPI fell 277.75 points, or 4.68 percent, to 5,661.7 as of 10:06 a.m.

The index came under downward pressure following overnight losses on Wall Street, as renewed concerns over the sustainability of the artificial intelligence (AI) boom weighed on investor sentiment.

Overnight, Wall Street shares retreated, with Google parent Alphabet plunging more than 12 percent after its third-quarter revenue missed market expectations.

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

KOSPI sidecar (Yonhap)

ejkim@yna.co.kr (END)

KRX activates sell-side sidecar for KOSPI on sharp fall

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首尔，10 月 30 日（韩联社）——由于韩国综合股价指数（KOSPI）暴跌，韩国证券交易所运营商周五启动了该指数的卖方侧车交易。

据韩国交易所（KRX）消息，韩国综合股价指数（KOSPI）上市股票的程序化交易于上午 10:04 暂停 5 分钟。

韩国综合股价指数（KOSPI）开盘下跌2.99%后，截至上午10:06，下跌277.75点，跌幅4.68%，至5661.7点。

受隔夜华尔街股市下跌的影响，该指数面临下行压力，因为人们对人工智能（AI）繁荣的可持续性再次感到担忧，这打击了投资者的信心。

隔夜，华尔街股市回落，谷歌母公司Alphabet股价暴跌超过12%，此前该公司第三季度营收不及市场预期。

当 KOSPI 200 期货指数下跌 5% 或以上且持续至少一分钟时，将触发卖方侧车交易。

KOSPI 边车（韩联社）

ejkim@yna.co.kr (完)

KRX启动卖方侧车策略，应对KOSPI指数暴跌