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Updated · Yonhap News Agency · May 11KRX Halts KOSPI Futures for 5 Minutes as Chip Rally Drives 43.7% Export Surge
5 articles · Updated · Yonhap News Agency · May 11
- At 9:29 a.m., the Korea Exchange triggered a buy-side sidecar, suspending KOSPI futures buy orders for five minutes after a sharp market rise.
- Big-cap semiconductor stocks extended their bull run, prompting the temporary curb designed to cool fast-moving futures trading.
- The rally coincided with fresh trade data showing South Korea's exports jumped 43.7% year on year in the first 10 days of May to $18.4 billion.
- Semiconductors were the main driver of that export gain, reinforcing the chip-led momentum now spilling from the real economy into equity markets.
After the Hormuz attack, can South Korea's 'balanced diplomacy' survive pressure to join a U.S.-led maritime coalition? With China holding mineral leverage, will President Trump trade U.S. policy on Taiwan for economic gains at the Beijing summit?