The KOSPI index plunged 4% on the 5th, triggering a temporary halt to program sell orders (sell sidecar) on the main board.
The Korea Exchange (KRX) said a sell sidecar was triggered on the main board at 9:08:25 a.m. that day.
This is the 21st sidecar triggered on the KOSPI this year. It is the 10th sell sidecar.
A KOSPI sell sidecar is triggered when the KOSPI futures price falls 5% or more from the previous session for longer than one minute. For the next five minutes, the effectiveness of KOSPI program sell orders is temporarily suspended.
It is seen that domestic investor sentiment weakened after semiconductor shares fell on the New York market the previous day as Broadcom's results missed market expectations.
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