[Breaking] KOSPI Plunges Over 4%... Sell-Side Sidecar Triggered

On March 23, due to the sharp decline in the KOSPI, the Korea Exchange triggered the sell-side sidecar. The sell-side sidecar is a system in which, if the KOSPI200 futures remain in a declining state for one minute, the effectiveness of program trading sell orders is suspended for five minutes. On this day, the KOSPI opened 3.48% lower compared to the previous trading day, and as of 9:13 a.m., the decline had deepened to 4.54%.

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