Korea Exchange Activates Sell-Side Sidecar as KOSPI Plunges 4.66%

KRX triggers sell-side program trading halt after KOSPI drops 4.66% to 6,290.85, pausing automated orders to curb volatility during sharp market decline.

Woofun AI reports that the Korea Exchange activated a sell-side sidecar mechanism following a 4.66% drop in the benchmark KOSPI index to 6,290.85. The circuit breaker pauses sell-side program trading orders for five minutes when KOSPI 200 futures fall by 5% or more from the previous close, aiming to reduce excessive volatility and allow market participants to assess conditions.