Summary
- The KOSPI tumbled on the 3rd, triggering a sell sidecar (temporary suspension of program sell orders), the report said.
- It said a sell sidecar is triggered when the KOSPI 200 futures index falls by 5% or more and the drop persists for one minute.
- It said that at the time of the trigger, the KOSPI 200 futures index was 890.05, down 47.75 points (5.09%) from the previous session’s close.
Forecast Trend Report by Period
A sell sidecar—temporary suspension of program sell orders—was triggered on the KOSPI on the 3rd as the market tumbled. It was the first time in a month, since Feb. 6.
According to the Korea Exchange, at around 12:05:53 p.m. that day, program sell orders were halted for five minutes due to fluctuations in the KOSPI 200 futures index. A sell sidecar is triggered when the KOSPI 200 futures index falls by 5% or more and the decline persists for one minute.
At the time of the trigger, the KOSPI 200 futures index stood at 890.05, down 47.75 points (5.09%) from the previous session’s close.
Yonghyun Shin, Hankyung.com reporter yonghyun@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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