A sell-side sidecar was triggered as the KOSPI plunged during intraday trading.
The Korea Exchange (KRX) activated a sell-side sidecar on the securities market at 10:18:12 a.m. on the 6th.
A KOSPI sell-side sidecar is triggered when the price of KOSPI 200 futures falls 5% or more below the reference price and remains at that level for one minute. As a result, program buy orders in the KOSPI market are suspended for five minutes from the moment of activation.
Original reporting by Kim Nam-gyun 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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