▲ As SK Hynix enters the Nasdaq through an American Depositary Receipt (ADR) listing, KOSPI and SK Hynix stock prices are displayed at the dealing room of Hana Bank headquarters in Jung-gu, Seoul, on July 13.
The KOSPI experienced a sharp decline during intraday trading today (July 13), triggering a sidecar, which temporarily suspends program trading orders.
According to the Korea Exchange, the program sell order suspension for the KOSPI market was activated for five minutes at 10:34:14 a.m. today due to fluctuations in the KOSPI 200 futures index.
At the time of activation, the KOSPI 200 futures index was at 1,142.16, down 63.14 points (5.23%) from the previous trading day's closing price.
A sell-sidecar in the KOSPI market is triggered when the KOSPI 200 futures index falls by 5% or more and maintains that level for one minute.
As of 10:34 a.m., the KOSPI index was down 4.20% at 7,162.21.
At the same time, the KOSDAQ index was down 0.74% at 831.27.
(Photo: Yonhap News)
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