A sell-side sidecar was triggered in the KOSDAQ market for the eighth time this year as the index plunged by more than 5 percent.
The program sell orders in the KOSDAQ market were suspended for five minutes starting at 12:06 p.m. today (July 14).
At that time, the KOSDAQ 150 futures price stood at 1,306.80, down 84.70 points or 6.08 percent from the previous day's closing price, while the KOSDAQ 150 spot index was at 1,298.20, down 86.69 points or 6.25 percent.
A KOSDAQ sell-side sidecar is triggered when the KOSDAQ 150 futures price falls by 6 percent or more from the reference price and the KOSDAQ 150 index falls by 3 percent or more from the previous trading day's closing value, with both conditions lasting for at least one minute.
(Photo: Yonhap News)