KOSPI Plunges, Triggers 'Sell Sidecar' as Index Drops Over 5% to 7,500 Range

The KOSPI experienced a sharp decline during morning trading on July 7, triggering a sidecar, which temporarily halts program sell orders.

According to the Korea Exchange, the effect of program sell orders in the KOSPI market was suspended for five minutes starting at 10:23:41 a.m. today due to fluctuations in the KOSPI 200 futures index.

At the time the sidecar was triggered, the KOSPI 200 futures index stood at 1,227.32, down 66.26 points or 5.12% from the previous day's closing price.

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

As of 10:29 a.m., the KOSPI index is trading at 7,597.93, marking a sharp decline of over 5%.

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