Sell-side trading curbs activated for both Kospi and Kosdaq

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Sell-side trading curbs activated for both Kospi and Kosdaq

 
Sell-side trading curbs were activated on program trades for both the Kospi and Kosdaq on Thursday afternoon amid a panic-sell spree from investors following U.S. President Donald Trump's threat to “obliterate” Iran.
 
Futures trading was temporarily halted on the sell side of the Kospi at around 2:47 p.m. The trading curb, known locally as a sidecar, was also activated for the Kosdaq at around 2:35 p.m. the same day.
 

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The Kospi had dropped below the 5,300 mark on Thursday after Trump’s recent remarks of imminent military action against Iran.

BY LIM JEONG-WON [[email protected]]
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