KOSPI Sell-Sidecar Triggered Amid Market Plunge... 20th Activation This Year

The KOSPI plunged more than 5% during intraday trading following the KOSDAQ, triggering a sell-sidecar (temporary suspension of program sell orders).

According to the Korea Exchange, a sell-sidecar was triggered in the Stock Market Division at around 11:21 a.m. on the 20th. This marks the 20th time a KOSPI sell-sidecar has occurred this year.

On the 20th, employees are monitoring the stock market and exchange rates in the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul. On that day, the KOSPI opened at 6643.58, down 2.60% from the previous trading day, and the KOSDAQ opened at 773.21, down 2.35%, narrowing the declines. July 20, 2026 Photo by Yongjoon Cho

As of 11:30 a.m. that day, the KOSPI was trading at 6,551.30, down 3.95% from the previous session. At 11:27 a.m., it had fallen to 6,498.26, dropping below the 6,400 level.

The KOSPI sell-sidecar is triggered when KOSPI 200 futures fall 5% or more and remain at that level for at least one minute. The effect of program sell orders is then suspended for five minutes.

At the time the sidecar was triggered, the futures price was 1,040.00, which represents a 5.14% decline compared to the previous day's closing price.

Earlier that day, at around 10:52 a.m., a sell-sidecar was also triggered in the KOSDAQ market.

This content was produced with the assistance of AI translation services.