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KOSPI triggers sell-sidecar as index falls below 6,100 intraday

KOSPI triggers sell-sidecar as index falls below 6,100 intraday

(Update)

The Korea Exchange activated a temporary suspension of program sell orders (sell sidecar (futures market circuit breaker)) in the KOSPI market at 9:47 a.m. on the 13th.

This is the 50th sidecar (futures market circuit breaker) to occur in the KOSPI market this year. It is the 26th sell sidecar (futures market circuit breaker).

At the time of activation, KOSPI 200 futures were trading at 955.02, down 51.20 points (5.08%) from the previous trading day. The KOSPI sell sidecar (futures market circuit breaker) is a market stabilization mechanism triggered across the entire KOSPI market when the KOSPI 200 futures price remains at least 5% lower than the previous day for more than one minute.

At 9:47 a.m., the KOSPI index was calculated at 6,076.35, down 307.89 points (4.82%) from the previous day.

The KOSDAQ index stood at 823.28, down 25.91 points (3.05%).

"This article was translated using AI and may differ slightly from the original."