NewzSouth Korea's bourse operator, the Korea Exchange (KRX), activated a sell-side sidecar program on Thursday, August 6, following a sharp decline in the KOSPI index. The emergency market-stabilizing measure was deployed in Seoul to manage heightened volatility and curb program trading amid the market slump.
A sidecar is a temporary trading halt designed to prevent sudden, erratic price movements from heavily impacting the broader stock market by suspending program trading buy or sell orders for a designated period.
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