KOSDAQ Surges Over 5% Intraday, Triggering Buy Sidecar

As the KOSDAQ surged more than 5 percent intraday today (the 16th), just a day after a sharp decline, a buy sidecar—a temporary suspension of program buy orders—was triggered in the KOSDAQ market.

According to the Korea Exchange, the effect of program buy orders was suspended for five minutes starting at 12:55:23 p.m. today due to fluctuations in the KOSDAQ 150 futures prices and the KOSDAQ 150 index.

At the time of the trigger, KOSDAQ 150 futures had risen by 78.80 points (6.02 percent) compared to the previous day's closing price, and the KOSDAQ 150 index had climbed by 72.59 points (5.65 percent).

Yesterday, a sell sidecar and a circuit breaker were triggered consecutively in the KOSDAQ market, and the index closed sharply lower in the 7 percent range.

However, just a day later, the KOSDAQ has recovered the 800 mark, currently up 5.27 percent at 800.90.

A KOSDAQ sidecar is triggered when the KOSDAQ 150 futures price rises by 6 percent or more and the KOSDAQ 150 index rises by 3 percent or more compared to their respective final values from the previous trading day, with both conditions persisting simultaneously for one minute.

At the same time, the KOSPI is up 4.09 percent from yesterday at 5,781.27.

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