Korea Exchange activates sidecar trading curb on benchmark Kospi

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Korea Exchange activates sidecar trading curb on benchmark Kospi

The Kospi is seen on a screen at a trading room in Hana Bank, Jung District, central Seoul on April 10. [YONHAP]

The Kospi is seen on a screen at a trading room in Hana Bank, Jung District, central Seoul on April 10. [YONHAP]

 
The Korea Exchange said on Thursday a sidecar trading curb had been activated on the Kospi index at 9:06 a.m., halting program trading for five minutes.
 
The Kopsi was up 4.9 percent as of 9:08 a.m. The sidecar curb is activated when there are sharp gains or losses of more than 5 percent in the futures market.
 

 

Reuters
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