KOSPI and KOSDAQ close down around 5% in a day... Sell-side circuit breakers triggered in both markets
Original headline코스피·코스닥 하루 5%대 하락 마감…양 시장 매도 사이드카 발동
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South Korea’s KOSPI and KOSDAQ fell 5.28% and 5.11% on the day, closing at 5,383.80 and 678.41 respectively, as sell-side sidecars triggered in both markets. The KOSPI sidecar fired at 10:16:19 a.m. after KOSPI 200 futures dropped 46.48 points (5.21%) to 843.96 from a 890.44 reference price. The KOSDAQ sidecar followed at 2:27:31 p.m. as KOSDAQ 150 futures fell 72.60 points (6.07%) to 1,123.40 and the KOSDAQ 150 spot index lost 64.40 points (5.43%). The dual circuit-breaker-style halts underscore broad-based selling pressure across Korean equities.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
KOSDAQ, KOSPI, KOSDAQ 150 futures, KOSPI 200 futures