A sell-side sidecar was triggered on the Kospi market Thursday, just over seven minutes after the opening bell, as the index plunged sharply.
According to Korea Exchange, the sidecar was activated at 9:07:42 a.m. The Kospi was trading at 5,727.86 at the time, down 280.95 points, or 4.68 percent, from the previous session. KOSPI 200 futures fell 5.25 percent to 894.60.
kacew@heraldcorp.com
