Sidecar Trading Halt Triggered as KOSPI Plummets

 
As the KOSPI showed a decline of over 4% during intraday trading today (June 10), a sidecar—a temporary suspension of program sell orders—was triggered.

According to the Korea Exchange, the effectiveness of program sell orders was suspended for five minutes starting at 1:16:25 p.m. today due to fluctuations in the KOSPI 200 futures index.

At the time of the trigger, the KOSPI 200 futures index stood at 1,223.15, down 64.65 points (5.02%) from the previous day's closing price.

A KOSPI sidecar is triggered when the KOSPI 200 futures price falls by 5% or more from the reference price and sustains that level for one minute, resulting in a five-minute suspension of program sell orders.

This comes just one day after a "buy sidecar" was triggered following a sharp rebound in the KOSPI the previous day.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.