KOSPI 200 Futures Plunge 7% as Sell-Side Car Triggered on Stock Market (Update)
[Asia Economy Reporter Geum Bo-ryeong] Korea Exchange announced that a sidecar temporarily suspending the effectiveness of program sell orders was triggered at 9:06:02 AM on the 23rd.
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This was due to fluctuations in the KOSPI 200 futures price. At the time of activation, the KOSPI 200 was at 200.00, down 7.21% compared to the previous day's closing price of 215.55. As a result, the effectiveness of program sell orders in the securities market was suspended for 5 minutes.
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