KOSPI Triggers Intraday Sell-Side Sidecar as Samsung Electronics Falls Below 190,000 Won

According to The Financial News, the KOSPI triggered an intraday sell-side sidecar, while Samsung Electronics slid below 190,000 won, weighing heavily on investor sentiment.
As of 10:16 a.m. on the 23rd, the KOSPI was trading at 5,469.43, down 5.39% from the previous session.
The KOSPI 200 Index Futures plunged more than 5% during the session, activating a temporary suspension of program sell orders, known as a sidecar.
Foreign investors led the decline, posting net sales of nearly 2 trillion won in the Stock Market Division of the Korea Exchange. Institutions were also net sellers of about 2.5 trillion won. In contrast, individual investors bought a net 4.3 trillion won or so, attempting to support the lower end of the market.
Large-cap stocks by market capitalization were hit hard as well. Samsung Electronics was trading at 189,000 won, down 5.22% from the previous session. SK hynix was also down 6.45%, trading at 942,000 won.
The KOSDAQ Index was trading at 1,114.90, down 4.01% from the previous day.

dschoi@fnnews.com Choi Doo-seon Reporter