KOSPI sidecar triggered (PG) [Photo: Yonhap]

The KOSPI fell sharply on Tuesday, triggering a temporary halt in the effectiveness of program sell orders, known as a sidecar, for the first time in a month.

The Korea Exchange said program sell orders were halted for 5 minutes at around 12:05:53 p.m. due to moves in the KOSPI 200 futures index.

At the time of the trigger, the KOSPI 200 futures index was down 47.75 points, or 5.09 percent, from the previous session's close at 890.05.

It was the first time a sell sidecar was triggered on the KOSPI since Feb. 6.

A sell sidecar is triggered when the KOSPI 200 futures index falls 5 percent or more and the move lasts for 1 minute.

[Yonhap]

Keyword

#KOSPI #Korea Exchange #KOSPI 200 #sidecar
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