Korea Exchange Triggers SIDECAR as KOSPI 200 Futures Rise 5%
The Korea Exchange activated its SIDECAR mechanism after KOSPI 200 index futures rose 5%, triggering a five-minute suspension of program buying in the KOSPI market. The measure took effect on the day of the move and is designed to moderate sharp short-term volatility in the futures market, providing a temporary pause to automated buy orders before trading resumes.
The Korea Exchange activated its SIDECAR mechanism after KOSPI 200 index futures rose 5%, suspending program buying in the KOSPI market for five minutes. The mechanism, which took effect on the same day, is designed to address sharp short-term volatility in the futures market.