The Korea Exchange activated a five-minute sell-side sidecar on the country's primary stock market on Monday morning amid the frantic sell-off as investors reacted to last week's losses on Wall Street amid increasing inflation concerns related to the ongoing US-Iran conflict.
The Korea Exchange announced the order at 9:19 am after the KOSPI200 Futures declined 60.24 points, or 5.1%, to trade at 1,112.46.
A sell-side sidecar is activated when the KOSPI200 Futures index declines 5% or more for at least one minute.