KOSPI Triggers Sell Sidecar Amid Sharp Decline

The Korea Exchange activated a sell sidecar on the KOSPI market after domestic stocks plunged sharply due to escalating tensions in the Middle East, temporarily halting program sell orders.

According to the Korea Exchange on the 3rd, the sell sidecar was triggered at approximately 12:05 p.m. on the KOSPI market. A sell sidecar is activated when the KOSPI 200 futures decline 5% or more from the previous trading day's close and the drop persists for one minute. This marks the first time the exchange has triggered a KOSPI sell sidecar in approximately one month, since the 6th of last month.