[Digital Today reporter Sangyeop Oh] Following the KOSPI, a selling sidecar was also triggered in the Kosdaq market. Program sell orders were suspended for 5 minutes after Kosdaq 150 futures and the spot index plunged more than 6 percent.
The Korea Exchange said it triggered a sidecar, a measure that temporarily suspends the effectiveness of program sell orders, on the Kosdaq market at 9:12:23 a.m. on Oct. 15.
At the time, Kosdaq 150 futures stood at 1,317.20, down 87.90 points, or 6.25 percent, from the previous session's close of 1,405.10. The Kosdaq 150 spot index also fell 91.59 points, or 6.52 percent, to 1,312.01 from the previous close of 1,403.60.
As a result, the effectiveness of program sell orders on the Kosdaq market was suspended for the next 5 minutes.
Earlier, a selling sidecar was also triggered on the main board market at 9:07:42 a.m. KOSPI 200 futures fell 5.27 percent from the reference price, halting program sell orders for 5 minutes.
Sangyeop Oh
yub@d-today.co.kr