The Korea Exchange announced that it activated a sell-side circuit breaker (Side Car) in the stock market on the morning of the 5th.

Following the activation of the circuit breaker at 9:08:25 a.m. on this day, the validity of program sell orders in the stock market will be suspended for the next 5 minutes.

The reason for the activation is that the price of futures (the product with the highest trading volume on the previous trading day) based on KOSPI200 as the underlying asset maintained a drop of 5% or more from the base price for over 1 minute. The current price of the relevant futures fell by 71.84 points (-5.20%) to 1,309.56 points, compared to the base price (1,381.40 points).

This measure is a market stabilization mechanism designed to temporarily mitigate the impact of program trading amid rapid market fluctuations, in accordance with Article 16 of the Stock Market Business Regulations.