South Korean stocks slump as exchange activates KOSPI sidecar mechanism

South Korean stocks fell sharply, prompting the exchange to activate the sidecar mechanism for the KOSPI index, according to a newsflash published by Odaily. The brief item provided no additional details on the size of the decline, the exact trigger point, or any related measures taken alongside the activation. The update only stated that the market drop was severe enough for the exchange to put the KOSPI sidecar mechanism into effect.