Kosdaq Plunges 4% to 5%, Triggers Sell Sidecar; Kospi Holds Near Flat

The Kosdaq index plummeted by nearly 5% during trading today (21st), prompting the activation of a program sell quote temporary suspension, known as a sell sidecar, in the Kosdaq market.

According to the Korea Exchange, the temporary suspension of program sell quotes on the Kosdaq market went into effect for five minutes starting at 10:05:05 a.m. today.

At the time of activation, the Kosdaq 150 futures price had fallen 89.60 points (6.06%) from the previous session's close to 1,387.40, while the Kosdaq 150 spot index had dropped 80.71 points (5.48%) to 1,391.11.

As of 10:10 a.m., the Kosdaq index stood at 800.37, down 40.52 points (4.82%) from the previous session, while the Kospi index was at 6,800.76, down 52.82 points (0.76%).

The Kosdaq's decline widened to the 5% range during intraday trading.

Samsung Electronics is showing a gain of under 1%, while SK Hynix is posting an increase in the 3% range.
※ Please note: This article was translated by AI and may contain errors.