▲ The KOSPI and KOSDAQ indices are displayed on the trading board at the Hana Bank dealing room in Jung-gu, Seoul, on the 15th, as the KOSPI reclaimed the 7,000-point mark.
Program buy order sidecars were triggered in both the KOSPI and KOSDAQ markets today (July 15) as stock indices surged.
According to the Korea Exchange, the effectiveness of program buy orders in the KOSPI market was suspended for five minutes starting at 9:06:41 a.m. today due to fluctuations in the KOSPI 200 futures index.
At the time of the trigger, the KOSPI 200 futures index stood at 1,170.60, up 71.50 points (6.50%) 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, suspending the effectiveness of program buy orders for five minutes.
Subsequently, a buy sidecar was also triggered in the KOSDAQ market at 9:17:14 a.m.
At the time of the trigger, the KOSDAQ 150 futures price was 1,439.50, up 83.00 points (6.11%) from the previous day's closing price, and the KOSDAQ 150 spot index was 1,433.80, up 79.44 points (5.86%).
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 figure, with both conditions sustained for one minute.
The KOSPI is currently showing a rise of over 7%, while the KOSDAQ is up by over 4%.
(Photo: Yonhap News)
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