Korea Exchange activates sidecar trading curb on benchmark Kospi

The Kospi is seen on a screen at a trading room in Hana Bank, Jung District, central Seoul on April 10. [YONHAP]
The Kospi is seen on a screen at a trading room in Hana Bank, Jung District, central Seoul on April 10.

The Korea Exchange said on Thursday a sidecar trading curb had been activated on the Kospi index at 9:06 a.m., halting program trading for five minutes.

The Kopsi was up 4.9 percent as of 9:08 a.m. The sidecar curb is activated when there are sharp gains or losses of more than 5 percent in the futures market.

Reuters