Korea Exchange halts trade now - circuit breaker

  • Kospi 200 futures rise 5%, programme trading halted for 5 mins

The 'sidecar' is a rule that lets the Korea Exchange (KRX, the operator of SK's bourse) halt futures trading of equities during periods of extreme market volatility.

  • Triggered when the benchmark KOSPI futures contract moves more than 5% from the previous close.
  • The KRX limits program trading for five minutes as a 'circuit breaker'
sidecar kospi South Korea 06 August 2024 2

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