▲ The KOSPI and KOSDAQ indices are displayed at the dealing room of the Hana Bank headquarters in Jung-gu, Seoul, on the 19th.
The KOSPI plummeted by 5 to 6 percent in early trading on the 19th, triggering a temporary suspension of program sell orders, known as a sidecar.
According to the Korea Exchange, the sidecar for program sell orders on the main bourse went into effect for five minutes starting at 9:06:02 a.m. today due to fluctuations in the KOSPI 200 futures index.
At the time of the trigger, the KOSPI 200 futures index stood at 1,013.26, down 65.00 points (6.02%) from the previous trading day's close.
The sell sidecar on the KOSPI market is activated when the KOSPI 200 futures index drops by 5 percent or more and the decline persists for one minute.
As of 9:09 a.m., the KOSPI index was down 5.78% from the previous session at 6,472.61, while the KOSDAQ index fell 2.46% to 813.69.
The KOSPI's decline subsequently widened to the 6 percent range.
Samsung Electronics was trading down 6.89% at 250,000 won, and SK Hynix was down 8.36% at 1,523,000 won.
(Photo: Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.