▲ The KOSPI and KOSDAQ indices are displayed at the dealing room of the Hana Bank headquarters in Seoul on the 29th. On this day, the KOSPI started with a 1% to 2% gain in early trading, but turned downward again, falling below the 6,000 mark.
As the domestic stock market plummeted for the second consecutive day following yesterday (the 28th), program trading sell sidecars were successively triggered in both the KOSPI and KOSDAQ markets today (the 29th).
According to the Korea Exchange, at around 10:55:7 AM today, the temporary suspension of program sell quotes was triggered in the securities market due to fluctuations in the KOSPI 200 Futures index.
At the time of activation, the KOSPI 200 Futures index stood at 903.80, down 49.16 points (5.15%) from the previous day's close.
Subsequently, at around 10:56:7 AM, the program sell sidecar was triggered in the KOSDAQ market for 5 minutes due to fluctuations in the KOSDAQ 150 futures price and the KOSDAQ 150 index.
At the time of activation, KOSDAQ 150 futures had dropped 74.30 points (6.21%) from the previous day's close, while the KOSDAQ 150 index fell by 75.05 points (6.30%).
Following the triggering of sell sidecars in both the KOSPI and KOSDAQ markets the previous day, sell sidecars were triggered for a second consecutive day today.
A KOSPI sell sidecar is triggered when the KOSPI 200 Futures index drops by 5% or more and persists for one minute.
A KOSDAQ sell sidecar is triggered when the KOSDAQ 150 futures price drops by 6% or more compared to the base price and the KOSDAQ 150 index falls by 3% or more compared to the final value of the previous trading day, with both conditions persisting simultaneously for one minute.
Currently, the KOSPI is down 306.50 points (5.09%) at 5,717.16, while the KOSDAQ index is down 37.56 points (5.32%) at 668.29.
Samsung Electronics is trading down 4.09% at 211,000 won, and SK Hynix is trading at 1,419,000 won, plunging 8.45%.
(Photo: Yonhap News)
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