Korea Exchange Triggers Sell-Side Sidecar After Kospi 200 Futures Drop 5.23%

The Korea Exchange said it triggered a temporary halt on program sell orders, known as a sell-side sidecar, on the KOSPI market at 10:34 a.m. on July 13.

The measure was taken after KOSPI 200 futures fell more than 5% from the previous trading day and remained at that level for more than one minute.

When the sell-side sidecar was triggered, KOSPI 200 futures stood at 1,142.16, down 5.23% from the reference price of 1,205.30.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com