KOSPI Falls Below 8,000 as KRX Triggers Sell-Side Halt

The KOSPI sank below 8,000 on July 2, prompting KRX to activate a sell-side sidecar and suspend program trading for five minutes. The index was down 534.25 points, or 6.43%, to 7,769.16 by 9:51 a.m. local time. Heavy semiconductor selling drove the move after the VanEck Semiconductor ETF lost 5.4% Wednesday. By late June, KRX had logged close to 30 sidecar activations and five circuit breakers this year.
SMH-5.68%
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