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[Breaking] KOSPI Sell-sidecar Triggered... KOSPI200 Futures Plunge 5%
Korea Economic Daily
Summary
- It was reported that a sidecar was triggered, temporarily halting the effectiveness of program sell orders due to a sharp drop in the KOSPI index.
- It was stated that the KOSPI200 futures index fell by 5.19% from the previous trading day's closing price, meeting the conditions for triggering a sidecar.
- Investors were advised to be cautious of increased volatility due to the recent drop in the KOSPI.
On the 7th, a sell-sidecar was triggered due to a sharp drop in the KOSPI index, temporarily halting program sell orders.
According to the Korea Exchange, at 9:12:11 AM on this day, the effectiveness of program sell orders was suspended for 5 minutes due to fluctuations in the KOSPI200 futures index. A sidecar is triggered when the KOSPI200 futures index rises or falls by 5% or more and sustains for 1 minute.
At the time of the trigger, the KOSPI200 futures index was down 17.10 points (5.19%) from the previous trading day's closing price, at 312.05.
Reporter Yonghyun Shin, Hankyung.com 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.
