The sidecar was triggered when the Kosdaq index plummeted to the 6% range today (May 5).

The KOSPI announced today that it will suspend the program selling price for 5 minutes due to fluctuation of KOSDAQ 150 futures price and spot index (KOSDAQ 150) at 2:09:12 pm (sidecar triggered).

At the time of the invasion, the price of futures fell by 6.26% (-55.90p) compared to the closing price of the previous day (892.50) at 836.60, and the spot index of KOSDAQ 150 indexed at 843.14 which is 6.63% (-59.94p) lower than the closing price of 903.08 .

Sidecar is a system to alleviate the impact of program trading on the KOSDAQ market by temporarily restricting program trading if the market situation changes rapidly.

If the KOSDAQ-150 futures price rises or falls more than 6% from the base price and the KOSDAQ-150 index rises or falls by more than 3% compared to the last trading day, it will be fired for 1 minute at the same time.

The KOSDAQ index dropped 5.70 percent to 580.62 from 2:30 pm today.

The Standard & Poor's 500 index was down 0.11, or 0.16 percent, at 1,164.69.

The sidecar was triggered by a plunge in the KOSDAQ market for the first time in nearly three years and one month since June 24, 2016.