Kosdaq Surges 4–5%, Triggering Buy Sidecar Three Times This Month

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