▲ Kospi and Kosdaq indices are displayed on the electronic board of the Hana Bank dealing room in Jung-gu, Seoul, on the 10th.
The Kosdaq index surged, triggering a temporary suspension of program buy orders, known as a sidecar.
According to the Korea Exchange, a sidecar suspending program buy orders for five minutes was triggered at around 9:50 a.m. today (at 10:00 a.m.) due to fluctuations in the Kosdaq 150 futures and Kosdaq 150 index.
At the time of the trigger, the Kosdaq 150 futures rose by 83.30 points (6.05%) and the Kosdaq 150 index increased by 85.63 points (6.25%) compared to the previous trading day's closing prices.
Following July 31, a buy sidecar was previously triggered on the Kosdaq for three consecutive trading sessions on August 3 and 4.
This marks the third time a buy sidecar has been triggered out of just six trading sessions this month.
A Kosdaq sidecar is triggered when the Kosdaq 150 futures price rises by 6% or more and the Kosdaq 150 index rises by 3% or more compared to their final values from the previous trading session, and this condition persists for one minute simultaneously.
Following this, the gains on the Kosdaq index widened to the 5% range.
(Photo: Yonhap News)
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