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South Korea's KOSPI 200 Futures Plunge 5%, Activating 'Sidecar Mechanism' and Halting Algorithmic Trading for 5 Minutes
18 hour ago /
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Author：小编
On May 15, the South Korean KOSPI Composite Index experienced a sharp decline after reaching the 8,000-point mark during intraday trading. As of press time, it had dropped nearly 5%, settling at 7,581.52 points. The significant 5% fall in KOSPI 200 futures prompted the Korea Exchange to trigger the 'sidecar mechanism,' which resulted in a temporary suspension of algorithmic trading for a duration of 5 minutes. Notably, Samsung Electronics saw its shares plummet by over 6%, while SK Hynix witnessed a decline exceeding 5%. Additionally, Hyundai Motor's stock reversed course, turning from an initial gain of over 8% to a subsequent drop of more than 1%.
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