▲ The KOSPI is displayed on the electronic board at the dealing room of Hana Bank in Jung-gu, Seoul, on the 30th. Earlier in the session, the KOSPI fell more than 3%, dropping 187.75 points (-3.16%) from the previous session to stand at 5,749.81 as of 9:03 AM.
As the KOSPI plunged more than 4% during trading today (the 30th), a program trade sell sidecar was triggered.
According to the Korea Exchange, the temporary suspension of program sell orders on the securities market took effect for five minutes at 10:04:55 AM due to fluctuations in the KOSPI 200 futures index.
At the time of activation, the KOSPI 200 futures index was 887.92, down 47.92 points (5.12%) from the previous trading day's close.
A sell sidecar in the securities market is triggered when the KOSPI 200 futures index drops by 5% or more and persists for one minute.
This marks the first time a sell sidecar has been triggered on the KOSPI market in 11 trading days since the 15th, when the KOSPI plummeted 7.57%.
As of 10:08 AM, the KOSPI index was down 284.64 points (4.79%) from the previous session at 5,653.02.
Samsung Electronics and SK Hynix widened their intraday losses, falling 5.28% and 8.72%, respectively.
At the same time, the KSDQ index was down 24.98 points (3.32%) at 728.25.
(Photo: Yonhap News)
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