▲ This photo taken on July 7, 2026, shows the dealing room of Hana Bank in Seoul. (Yonhap)

KOSPI-sidecar

KRX issues sell-side sidecar for KOSPI on sharp fall

SEOUL, July 7 (Yonhap) -- South Korea's bourse operator on Tuesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index tumbled sharply.

Program trading for the KOSPI was suspended for five minutes at around 10:23 a.m., according to the Korea Exchange (KRX).

The KOSPI came under heavy selling pressure as investors locked in profits after Samsung Electronics Co. released its preliminary second-quarter earnings estimate.

Local technology stocks plunged on profit-taking after the chipmaker estimated its operating profit for the April-June period at 89.4 trillion won (US$58.4 billion), beating market forecasts.

After opening down 1.6 percent at 7,920.48, the KOSPI fell as low as 7,568.59 during the session.

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