Business · Markets · 2 hrs ago

KOSDAQ falls more than 6% as sell-sidecar is triggered for second day

KOSDAQ falls more than 6% as sell-sidecar is triggered for second day

South Korea’s KOSDAQ fell more than 6% on November 6.

A sell-sidecar was triggered for the second straight day as the market dropped.

The KOSDAQ is South Korea’s stock market, and the steep fall marks a sharp move in its share prices.

The source does not give a reason for the decline or explain how the sell-sidecar works.

The repeated trigger shows the market was under heavy selling pressure on consecutive days.

The source gives no details about what may happen next.

1 source

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