KOSPI Surges in Early Trading, Triggering 'Buy Sidecar'

A "buy sidecar"—a temporary suspension of program trading buy orders—was triggered today, June 12, due to a sharp surge in the KOSPI.

According to the Korea Exchange, the sidecar was activated at approximately 9:06:02 a.m. today, halting program buy orders for five minutes due to volatility in the KOSPI 200 futures index.

At the time of activation, the KOSPI 200 futures index stood at 1,332.00, up 95.95 points (7.76%) from the previous day's closing price.

A KOSPI 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.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.