The KOSPI triggered a sidecar, a temporary suspension of program sell orders, as it plummeted in early trading today (July 2).

The Korea Exchange announced that the effectiveness of program sell orders was suspended for five minutes starting at approximately 9:07:03 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 1,255.94, down 80.92 points from the previous day's closing price.

This represents a 6.05% decline from the previous day.

A sell-side sidecar is triggered when the KOSPI 200 futures index falls by 5% or more and remains at that level for one minute.

The KOSPI index showed a sharp decline of over 5% this morning and is trading in the 7,800 range, having fallen below the 8,000 mark.

(Photo: Yonhap News)