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Finance

KOSPI falls to 5,500 level; circuit breakers triggered in both markets for second straight day

South Korea\'s KOSPI slid to the 5,500 level after breaking below 6,000, triggering a Level 1 circuit breaker for the second straight day in both the KOSPI and Kosdaq markets. The Kosdaq circuit breaker was triggered at 12:19:12 p.m., and the KOSPI at 12:32:32 p.m., after each index fell more than 8 percent. Sell-sidecar measures were also activated earlier in both markets.

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.