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Korea Exchange issues sell-side circuit breaker after sharp drop

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By Yonhap
  • Published KST
  • Updated KST
The screen displays the KOSPI index at a dealing room at Hana Bank's headquarters in central Seoul, Tuesday. Yonhap

The screen displays the KOSPI index at a dealing room at Hana Bank's headquarters in central Seoul, Tuesday. Yonhap

The main bourse operator, the Korea Exchange (KRX), on Tuesday issued a sell-side circuit breaker, temporarily halting trading after a sharp drop sparked by market concerns over U.S. airstrikes on Iran.

Selling of the KOSPI 200 Futures index was suspended for five minutes at 12:05 p.m., according to KRX.

The index fell 47.75 points, or 5.09 percent, to 890.05 at that time.

It marked the first sell-side circuit breaker since Jan. 6.

A sell-side sidecar is triggered when the KOSPI 200 Futures index drops 5 percent or more for at least one minute.