▲ The KOSPI and KOSDAQ indices are displayed on the trading board at the Hana Bank headquarters dealing room in Jung-gu, Seoul, on July 10, as the KOSPI opened with a surge of more than 3%.
Domestic stock markets saw buy-side program trading halts, known as buy sidecars, triggered today (July 10) as both the KOSPI and KOSDAQ indices experienced sharp rallies.
According to the Korea Exchange, the buy sidecar was triggered in the KOSPI market at 12:54:55 PM today, suspending the validity of program buy orders for five minutes due to fluctuations in the KOSPI 200 futures index.
At the time of the trigger, the KOSPI 200 futures index stood at 1,240.15, up 60.60 points (5.13%) 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.
Shortly after, a buy sidecar was also triggered for the KOSDAQ market at 1:08:48 PM.
At the time of the trigger, the KOSDAQ 150 futures price was 1,487.40, up 84.80 points (6.04%) from the previous day's close.
The KOSDAQ 150 spot index stood at 1,476.37, up 89.45 points (6.44%).
A KOSDAQ buy sidecar is triggered when the KOSDAQ 150 futures price rises by 6% or more from the reference price and the KOSDAQ 150 index rises by 3% or more from the previous trading day's closing value, with both conditions sustained for one minute.
The KOSPI is currently showing a rise of over 5%, while the KOSDAQ is up by over 6%.
(Photo: Yonhap News)
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