(250407) -- SEOUL, April 7, 2025 (Xinhua) -- Traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, April 7, 2025. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m.
Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute.
It was the first sidecar order for program buying since August 2024, according to local reports.
The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. (Photo by Jun Hyosang/Xinhua)
