KOSPI Plummets Over 8%, Triggering Sidecar and Circuit Breaker


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▲ The KOSPI index and the KRW/USD exchange rate are displayed on a screen at the Hana Bank dealing room in Jung-gu, Seoul, on June 26.

The KOSPI plunged by more than 8% during trading today (June 26), triggering a "circuit breaker" that temporarily halted all stock trading.

The Korea Exchange announced that it suspended trading on the KOSPI market for 20 minutes, starting at 12:10:12 PM today.

This measure was taken after the KOSPI index fell by more than 8% from the previous day's closing price and maintained that level for one minute, meeting the criteria for a circuit breaker.

As a result, trading for all stocks listed on the KOSPI market was temporarily halted, along with trading in stock-related futures and options markets.

At the time the circuit breaker was triggered, the KOSPI was down 731.97 points (8.19%) from the previous trading day, standing at 8,198.33.

Earlier today, at 11:12 AM, a sell-sidecar was also triggered as the KOSPI 200 futures index fell by more than 5%.

(Photo: Yonhap News)

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