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Finance

KOSPI, KOSDAQ slide over 5 percent trigger sidecar for 10th straight day

South Korean markets triggered a sidecar for the 10th straight day after the KOSPI and KOSDAQ fell more than 5 percent on July 24. The KOSPI was down 5.84 percent and the KOSDAQ fell 5.24 percent. Selling sidecars were triggered in both markets, halting program sell orders briefly. Most large-cap stocks dropped, while Samsung Biologics rose. The won strengthened against the dollar.

Finance

Kosdaq follows KOSPI with buy sidecar as both markets surge

A buy sidecar was triggered on the Kosdaq after a sharp rise following a rally in the KOSPI, with both markets surging. Bargain hunting focused on semiconductor shares lifted the KOSPI by nearly 5 percent and the Kosdaq by more than 6 percent. The Korea Exchange said it activated a buy sidecar on the Kosdaq at 1:08 p.m. on July 10, pausing program buy orders temporarily.

Finance

Kosdaq triggers sell sidecar for 17th time this year

A sell sidecar was triggered in the South Korean Kosdaq market on Wednesday as declines deepened following a fall in the main KOSPI market. The Korea Exchange said the mechanism was activated at 12:47 p.m. This was the 17th sidecar activation in the Kosdaq market this year, including 11 buy sidecars and 6 sell sidecars. Program trading sell orders were suspended for five minutes and then automatically lifted.