South Korea’s benchmark KOSPI index extended its intraday gain to 5% on Aug. 20, prompting the Korea Exchange to activate its sidecar mechanism once again. Under the move, program buying tied to the Korea Composite Stock Price Index was temporarily suspended. The update was published by BlockBeats as a short market flash. No additional details were provided in the source about the duration of the halt or other market measures. The report focused on two key points only: the KOSPI’s gain widening to 5% during the session, and the exchange’s decision to trigger the Sidecar mechanism again in response.
BlockBeats reported on Aug. 20 that South Korea’s KOSPI index widened its intraday gain to 5%.
The Korea Exchange then activated the Sidecar mechanism again, temporarily suspending program buying for the Korea Composite Stock Price Index, or KOSPI.
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