The Korea Exchange KOSDAQ Market Headquarters announced on the 7th that it has activated the KOSDAQ Market sidecar (program trading order suspension).
The exchange activated a sell sidecar at 11:48 AM on the same day after the KOSDAQ150 futures (December contract) fell more than 6% compared to the previous day and the KOSDAQ150 index dropped more than 3%, sustaining for one minute. From the activation time, all program trading sell orders are suspended for 5 minutes.
The exchange had activated a buy sidecar the previous day, and with the sharp decline in KOSDAQ in just one day, it activated a sell sidecar on this day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
