South Korean Stock Exchange KOSPI Activates Sidecar Mechanism Following Sharp Drop

South Korea's stock exchange operator, Korea Exchange (KRX), activated the sell-side sidecar mechanism on Friday following a sharp drop in the KOSPI…

In the drop led by losses in technology-heavy stocks, the index fell by more than 4 percent in the morning hours. This caused program trading in KOSPI-listed stocks to be suspended for about five minutes.