▲ The KOSPI index is displayed at the Hana Bank dealing room in Jung-gu, Seoul, on June 9, as the index reclaimed the 7,800 level with a nearly 5% gain, recovering from the previous day's sharp decline.
The KOSPI triggered a "sidecar"—a temporary suspension of program buy orders—as it surged by over 4% in early trading on June 9.
According to the Korea Exchange, the program buy order suspension was activated at approximately 9:12 a.m. today (June 9) due to volatility in the KOSPI 200 futures index, halting program buy orders for five minutes.
At the time of activation, the KOSPI 200 futures index was at 1,239.05, up 60.80 points (5.16%) from the previous day's closing price.
A KOSPI buy sidecar is triggered when the KOSPI 200 futures price rises by 5% or more from the reference price and sustains that level for one minute, resulting in a five-minute suspension of program buy orders.
Following yesterday's sharp decline, which saw both circuit breakers and sell sidecars triggered in the KOSPI and KOSDAQ markets, the market saw a rapid reversal today, leading to the activation of the KOSPI buy sidecar just one day later.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.