Sell Sidecars Triggered Sequentially on KOSPI and KOSDAQ Amid Plunging Markets

Following yesterday (the 28th), the domestic stock market plunged again today (the 29th), triggering program trade sell sidecars sequentially on both the KOSPI and KOSDAQ markets.

According to the Korea Exchange, at around 10:55:7 a.m. today, program sell orders on the securities market were temporarily suspended for five minutes 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 a.m., program sell orders on the KOSDAQ market were suspended for five minutes due to fluctuations in the KOSDAQ 150 futures price and the KOSDAQ 150 index.

At the time of activation, KOSDAQ 150 futures had plummeted 74.30 points (6.21%) from the previous day's close, and the KOSDAQ 150 index dropped 75.05 points (6.30%).

Following the sell sidecars triggered on both the KOSPI and KOSDAQ markets the previous day, sell sidecars were triggered for a second consecutive day.

A sell sidecar on the securities market 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 falls by 6% or more and the KOSDAQ 150 index falls by 3% or more compared to their final figures from 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 plunging 8.45% at 1,419,000 won.

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