KOSPI Surges Over 4% Triggering Buy Sidecar; Samsung Electronics and SK Hynix Up Over 7%

The KOSPI surged, triggering a temporary suspension of program buy quotes, known as a buy sidecar.

According to the Korea Exchange, a buy sidecar was activated in the KOSPI 200 futures market, temporarily suspending the effect of program buy quotes for 5 minutes around 11:57 AM today (the 12th).

At the time of activation, the KOSPI 200 futures index stood at 1,037.76, up 50.68 points (5.13%) from the previous day's close.

A KOSPI buy sidecar is triggered when the KOSPI 200 futures price rises by 5% or more compared to the base price and sustains that level for 1 minute.

The KOSPI is on an upward trajectory driven by the strength of semiconductor stocks.

As of 12:05 PM, Samsung Electronics and SK Hynix were both rising by more than 7%, trading around 258,000 won and 1,532,000 won, respectively.

At the same time, the KOSPI was up 294.43 points (4.64%) at 6,639.96, while the KOSDAQ turned upward, rising 1.47 points (0.17%) to 859.31.

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