{"id":77099,"date":"2026-07-07T04:18:12","date_gmt":"2026-07-07T04:18:12","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/77099\/"},"modified":"2026-07-07T04:18:12","modified_gmt":"2026-07-07T04:18:12","slug":"kospi-plunge-triggers-sell-sidecar-for-16th-time-this-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/77099\/","title":{"rendered":"KOSPI plunge triggers sell sidecar for 16th time this year"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t\t  <img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"397\" alt=\"\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/07\/681902_630272_324.jpg\" data-loaded=\"true\"\/><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t[Photo: Yonhap News Agency]<\/p>\n<p>[Digital Today reporter Sangyeop Oh (\uc624\uc0c1\uc5fd)] The Korea Exchange&#8217;s stock market division triggered a program sell sidecar at 10:23:41 a.m. on July 7.<\/p>\n<p>A sell sidecar on the stock market is a mechanism that suspends the validity of program trading buy or sell orders for 5 minutes when the most-traded near-month futures contract based on the KOSPI200 falls at least 5 percent and the drop persists for 1 minute.<\/p>\n<p>The futures contract was at 1,227.32 points, down 66.26 points, or 5.12 percent, from the reference price of 1,293.58 points.<\/p>\n<p>South Korean stocks open lower and extend losses despite Samsung Electronics&#8217; announcement of record second-quarter operating profit.<\/p>\n<p>Samsung Electronics said its preliminary second-quarter operating profit rose 1,810 percent from a year earlier to 8.94 trillion won. That exceeds the market forecast of 8.42 trillion won.<\/p>\n<p>Samsung Electronics posted second-quarter revenue of 171 trillion won. Both revenue and operating profit notched record results for a third consecutive quarter since the fourth quarter of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"[Photo: Yonhap News Agency] [Digital Today reporter Sangyeop Oh (\uc624\uc0c1\uc5fd)] The Korea Exchange&#8217;s stock market division triggered a&hellip;\n","protected":false},"author":2,"featured_media":77100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[337,335,14579,864,276,26665],"class_list":["post-77099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea-exchange","tag-korea-exchange","tag-kospi","tag-kospi200","tag-krx","tag-samsung-electronics","tag-sidecar"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/77099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=77099"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/77099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/77100"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=77099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=77099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=77099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}