Sidecars and Circuit Breakers: How Korea Halts a Crashing Market
Korea slows a crashing market in three layers: sidecars pause program trading at a 5% futures move, circuit breakers halt everything at index drops of 8%, 15%, and 20%, and volatility interruptions cool single stocks. Here is how each trigger works, in what order they fire, and how to read the flow data around a halt.
