Breaking News: KOSDAQ Triggers Sell-Side Sidecar

Finance|
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By Park Shin-won
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null - Seoul Economic Daily Finance News from South Korea

The Korea Exchange (KRX) triggered a sell-side sidecar, a temporary suspension of program sell orders, on the KOSDAQ market at 10:52 a.m. on the 20th.

The sidecar was triggered after KOSDAQ150 futures (nearest month) fell more than 6% and the KOSDAQ150 index dropped more than 3%, with the decline sustained for one minute. When a KOSDAQ sidecar is triggered, program trading sell orders are suspended for five minutes.

The KOSDAQ index opened at 773.21, down 18.63 points, or 2.35%, from the previous trading day, then widened its losses to fall to the 750 level during the session.

#KOSDAQ#Sidecar#KoreaExchange#StockMarket#ProgramTrading#KRX

Original reporting by Park Shin-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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