South Korea's KRX Triggers Sidecar Mechanism, Halts Algorithmic Trading for 5 Minutes on July 28

According to BlockBeats, South Korea's Korea Exchange (KRX) triggered its sidecar mechanism on July 28 due to KOSPI index volatility, halting algorithmic trading for approximately 5 minutes. The sidecar mechanism restricts only algorithmic trading while allowing manual trading to continue, functioning as a "speed bump" during market swings. Unlike circuit breakers, which pause all market trading during extreme conditions, the sidecar mechanism does not halt the entire market.
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