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[Breaking News] Sell-Side Circuit Breaker Triggered as KOSPI 200 Futures Plunge... Program Selling Halted for 5 Minutes

The Korea Exchange's Securities Market Division announced that it triggered a **sell-side sidecar** on the securities market at 10:23:41 a.m. on the 7th. This m

Oseong Kwon
Staff Reporter
2 min read
[Breaking News] Sell-Side Circuit Breaker Triggered as KOSPI 200 Futures Plunge... Program Selling Halted for 5 Minutes
CBC News

The Korea Exchange's Securities Market Division announced that it triggered a sell-side sidecar on the securities market at 10:23:41 a.m. on the 7th.

This measure was taken after the price of futures based on KOSPI 200 (the product with the highest trading volume on the previous trading day) remained down by 5% or more from the base price for over one minute.

According to the disclosure, the current price of the futures stood at 1,227.32 points, a drop of 66.26 points (-5.12%) from the base price of 1,293.58 points.

Immediately upon activation, the effectiveness of program sell orders on the securities market is temporarily suspended for five minutes. This measure was implemented in accordance with Article 16 of the Securities Market Business Regulations.

Oseong Kwon
Staff Reporter

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