KOR
▲ Dealers are at work at the dealing room of the Hana Bank headquarters in Jung-gu, Seoul, on the 24th, when the KOSPI opened lower.
As international oil prices surged due to heightened tensions in the Middle East, domestic stock indices plummeted, triggering sell sidecars in both the KOSPI and KOSDAQ markets.
As of 1:20 PM, the KOSPI stood at 6,702.88, down more than 5% from the previous trading day.
The KOSPI opened at 7,000.78, down 96.11 points from the previous session, and after its downward slope expanded, a sell sidecar was triggered at 11:23 AM.
This marks the 41st sidecar issued in the KOSPI market this year, consisting of 21 sell sidecars due to market plunges and 20 buy sidecars due to surges.
While individual investors net-purchased 5.0952 trillion won, foreign investors net-sold 3.4285 trillion won and institutional investors net-sold 1.7019 trillion won, pulling down the index.
Major KOSPI blue chips Samsung Electronics and SK Hynix are also falling in the 7% range.
At the same time, the KOSDAQ index was trading at 750.20, down 5% from the previous session.
Due to the sharp decline, a sell sidecar was also triggered in the KOSDAQ market at 11:47 AM.
This is the 25th sidecar issued in the KOSDAQ market this year, with 14 buy sidecars and 11 sell sidecars issued so far.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
