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Finance

KOSPI falls below 6,000 in intraday trade for first time since July 31

South Korea\'s benchmark KOSPI fell more than 6 percent on Tuesday and slipped below the 6,000 level during intraday trade for the first time since July 31, when it regained that threshold. The Korea Exchange said a sell-sidecar was triggered in the main board market, halting program sell orders for five minutes after KOSPI 200 futures dropped 5.08 percent for more than one minute.

Finance

KOSPI triggers selling sidecar after sharp intraday drop

South Korea\'s KOSPI extended its sharp fall on Tuesday, prompting a selling sidecar on the main board market. The Korea Exchange said it activated the measure at 9:47:58 a.m., the first time in 35 trading sessions since Aug. 19. At the trigger, KOSPI200 futures fell 5.08 percent from a reference price. The move halted the effectiveness of program sell orders on the market for 5 minutes.

Finance

KOSPI falls below 6,100 early as big chip stocks slide about 5 percent

South Korea\'s KOSPI slid more than 4 percent in early trade on Oct. 13, briefly breaking below the 6,100 level. The decline came as weakness in U.S. semiconductor shares carried into the local market and foreign investors turned net sellers. Heavyweight chipmakers Samsung Electronics and SK Hynix fell about 5 percent. The KOSDAQ also declined, while the won weakened against the dollar.