KOSPI plummets over 6%, breaching 8,000 mark to trigger sell sidecar

Jul 02, 2026, 09:34 am

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The dealing room at Hana Bank's headquarters in Jung-gu, Seoul on July 2. / Yonhap News Agency.

The KOSPI index plummeted on the 2nd, triggering a temporary suspension of program sell orders (sidecar mechanism). 

 

According to the Korea Exchange, the effect of program sell orders on the KOSPI market was suspended at 9:07 a.m. that day. A KOSPI sell-side sidecar is triggered when the KOSPI 200 futures price falls 5% or more below the base price and sustains that decline for one minute. 

 

As of 9:18 a.m., the KOSPI index was trading at 7,774.54, down 6.37% from the previous trading day.

 

                                                                                                           Han Hye-sung

 

#Sidecar #Stock 
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